AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Rating of ?aa+? of Chubb Seguros Panama S.A.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of First Chicago Insurance Company . Concurrently, AM Best has upgraded the Long-Term ICR to ?b+? from ?b? and affirmed the FSR of C++ of United Security Health and Casualty Insurance Company, a wholly owned subsidiary of FCIC.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Triple-S Propiedad, Inc.. The outlook of the FSR has been revised to stable from positive, while the outlook of the Long-Term ICR is positive.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the members of Nationwide Group. In addition, AM Best has affirmed the Long-Term IRs of ?a? of the surplus notes issued by Nationwide Mutual Insurance Company.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of S2C S.p.A. Compagnia di Assicurazioni di Crediti e Cauzioni. The ratings reflect S2C?s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Irwell Insurance Company Limited. The ratings reflect Irwell?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Dibbs taps users of its blockchain-based collectibles marketplace to uncover first-of-its-kind insights on user sentiment toward NFT technology Dibbs, the world?s onramp to Web3, today released findings from the industry?s first NFT Sentiment Report, which surveyed hundreds of NFT adopters to understand consumer sentiment around NFTs today and into the future.
UK public sector organizations can achieve immediate savings on annual support fees for Oracle and SAP products and up to 90% savings on total support costs, enabling the optimization, evolution and transformation of citizen services Rimini Street (RMNI), Inc., a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products,...
New Zealand?s economy could benefit from additional economic growth of $271 million, or 0.1%, by 2027 ? if the country were to introduce a domestic real-time payments scheme, according to a study by the Centre for Economic and Business Research ? commissioned by ACI Worldwide (ACIW), a global leader in mission-critical, real-time payments software, and Payments NZ, the payments industry association re...
LYON, France---- Regulatory News: Adocia, a clinical-stage biopharmaceutical company specializing in the development of innovative formulations of proteins and peptides for the treatment of diabetes and other metabolic diseases announced today the completion of a EUR 6 million financing operation.
RREEF Property Trust, Inc., a publicly registered, daily NAV REIT that is advised by DWS through an affiliate, has acquired a 100 percent interest in the Class D Certificate and the related interest-only securities of a fixed rate Freddie Mac Multifamily CMBS Securitization known as FREMF 2021-K150 for a total investment of approximately $30.9 million.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Harrington Re Ltd.. AM Best also has affirmed the Long-Term ICR of ?bbb-? of Harrington Reinsurance Holdings Limited.
Today, the Federal Home Loan Bank of Pittsburgh announced that Bank of Charles Town received the inaugural 2022 FHLBank Diversity, Equity and Inclusion Membership Award for their Banking On Diversity program. This press release features multimedia.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? of International General Insurance Co. Ltd., International General Insurance Company Limited and International General Insurance Company SE. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb? of International General Insurance Holdings Ltd.. The outlook of these Credit Ratings is st...
Regulatory News: SEGRO plc announces the launch and pricing of a ?350 million, 19-year senior unsecured bond issue, priced at 175 basis points above gilts, with an annual coupon of 5.125 per cent. The bond issuance, which was carried out under SEGRO?s Medium Term Note Programme, was almost six times oversubscribed. The proceeds of the issue will principally be used for general corporate purposes.
?. SEGRO plc (SEGXF) announces the launch and pricing of a ?350 million, 19-year senior unsecured bond issue, priced at 175 basis points above gilts, with an annual coupon of 5.125 per cent. The bond issuance, which was carried out under SEGRO?s Medium Term Note Programme, was almost six times oversubscribed. The proceeds of the issue will principally be used for general corporate purposes.
Alcon Inc. announced that it has commenced and priced a private offering of US$700 million aggregate principal amount of its 5.375% senior notes due 2032 and US$600 million aggregate principal amount of its 5.750% senior notes due 2052. The offering is expected to close on December 6, 2022, subject to customary closing conditions.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Lewer Life Insurance Company. These ratings reflect Lewer Life?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management.
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On November 22, 2022 KBRA assigned a long-term rating of AA with a Stable Outlook to the following State of Connecticut bonds: KBRA simultaneously affirmed the long-term rating of AA with a Stable Outlook for Connecticut?s outstanding General Obligation Bonds, as well as for the Connecticut Innovations, Incorporated State of Connecticut General Fund Obligation Bonds 2014 Series A. To access rat...
AM Best has assigned indicative Long-Term Issue Credit Ratings of ?bbb+? to subordinated issues, ?bbb? to preferred stock issues and ?a-? to senior unsecured issues on the recently filed shelf registrations of MetLife, Inc. [NYSE: MET]. The outlook assigned to these Credit Ratings is stable. MetLife?s financial leverage and the historical interest coverage are supportive of this rating.
AM Best has downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb+? from ?bbb-? of Al Ittihad Al Watani Soci?t? G?n?rale D?Assurances du Proche Orient, sal.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Al Fujairah National Insurance Company PJSC.
Intercontinental Exchange, Inc. (ICE), a leading global provider of data, technology, and market infrastructure, today noted that the U.K. Financial Conduct Authority has published a consultation on a proposal to require ICE Benchmark Administration Limited, the administrator of LIBOR, to publish 1-, 3- and 6-month U.S. dollar LIBOR settings under an unrepresentative ?synthetic? methodology after the...
General Electric Company (GE) announced today that GE Healthcare Holding LLC, a direct, wholly-owned subsidiary of GE, has closed its previously announced offering of $1,000,000,000 aggregate principal amount of 5.550% senior notes due 2024, $1,500,000,000 aggregate principal amount of 5.600% senior notes due 2025 and $1,750,000,000 aggregate principal amount of 5.650% senior notes due 2027, $1,250,...
Humana Inc. (HUM) announced today the completion of its public offering of $1.25 billion in aggregate principal amount of senior notes. The company expects net proceeds from the Senior Notes Offerings will be approximately $1.232 billion after deducting underwriters? discounts and estimated offering expenses.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? for the members of Government Employees Group. The ratings reflect GEICO?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favorable business profile and appropriate enterprise risk management.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb-? to the $500 million, 9%, non-cumulative preferred stock and ?bbb-? to the $500 million, 9.25% non-cumulative preferred stock issued by Lincoln National Corporation.
Rimini Street (RMNI) earns expanded, global recognition for its inclusive, employee-centric culture and work environment that helps recruit, develop, reward and retain top talent Rimini Street (RMNI), Inc., a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, today announced the Company has add...
As we move beyond COVID-driven restrictions, IDC's Future of Customer Experience predictions for 2023 reflect how B2B and B2C businesses must confront a new set of macroeconomic challenges ? inflation, global economic instability, and flattening customer growth ? while still navigating new hybrid work and organizational leadership models.
On November 16, 2022, KBRA assigned a long-term rating of AAA to Harris County, TX?s Tax and Subordinate Lien Revenue Certificates of Obligation, Series 2022. To access ratings and relevant documents, click here. Click here to view the report.
AM Best has affirmed the Financial Strength Rating of A, the Long-Term Issuer Credit Rating of ?a? and the Mexico National Scale Rating of ?aaa.MX? of Reaseguradora Patria, S.A.. AM Best also has affirmed the Long-Term ICR of ?bbb? of Patria Re?s ultimate parent, Pe?a Verde, S.A.B.. The outlook of these Credit Ratings is stable.
KBRA releases its CMBS 2023 Sector Outlook, which highlights key credit trends from 2022 and forecasts U.S. issuance activity for the new year. Lenders and investors have been scrutinizing deals more closely, reducing leverage, increasing pricing, or just moving to the sidelines as interest rates continue to rise.
AM Best is maintaining its negative market segment outlook on Argentina?s insurance market, citing a difficult macroeconomic environment. The Best?s Market Segment Report, ?Market Segment Outlook: Argentina Insurance,? states that Argentina?s GDP expanded by 10.4% in 2021, recovering from a three-year recession, with GDP forecast to grow again in 2022.
AM Best has upgraded the Financial Strength Rating to A++ from A+ and the Long-Term Issuer Credit Rating to ?aa+? from ?aa-? of Chubb Seguros Panama S.A.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Long-Term Issuer Credit Rating of ?bbb-? of Definity Financial Corporation. The ratings reflect Definity Insurance?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Minnesota Life Insurance Company and its subsidiary, Securian Life Insurance Company, together referred to as Securian Financial Insurance Group.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of First Net Insurance Company. The ratings reflect First Net?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Commerce Bank announced it has entered into a definitive agreement to acquire L.J. Hart & Company, a municipal bond underwriter and advisor. L.J. Hart & Company, founded in 1991 in St. Louis, MO, has advised more than 300 Missouri Public School Districts and nearly a quarter of the 114 Missouri county governments.
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of First Insurance Company. The ratings reflect SFIC?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Solidarity Bahrain B.S.C.. The outlook assigned to these Credit Ratings is stable.
On November 15, 2022 KBRA assigned a long-term rating of A- with a Positive Outlook to the New Jersey Transportation Trust Fund Authority Transportation Program Bonds, 2022 Series CC. KBRA additionally affirmed the long-term rating of A with a Positive Outlook for the State of New Jersey?s General Obligation Bonds.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Orion Reinsurance Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect Orion Re?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of the life/health subsidiaries of Delphi Financial Group, Inc.: Reliance Standard Life Insurance Company and First Reliance Standard Life Insurance Company. Concurrently, AM Best has affirmed the Long Term ICR of ?a+? and the Long-Term Issue Credit Ratings of DFG.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of Compagnie Alg?rienne des Assurances. The ratings reflect CAAT?s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and marginal enterprise risk management.
The seasoned food industry professional brings decades of experience driving demand and sustainable growth for companies across Europe Today, Impossible Foods announced Noel Clarke as the company?s new Senior Vice President of International, charged with leading Impossible?s international strategy and sales team to build growth and drive demand across its non-domestic markets.
AM Best has assigned a Preliminary Credit Assessment to Gramercy Indemnity Company with a Financial Strength Assessment of A- pca and a Long-Term Issuer Credit Assessment of ?a-? pca. The PCA reflects Gramercy?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
Wolfspeed, Inc. (WOLF) today announced the pricing of $1,525.0 million aggregate principal amount of its 1.875% Convertible Senior Notes due 2029 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
$30 million contract increase validates NGA?s growing demand for real-time dynamic monitoring capabilities BlackSky Technology Inc. (BKSY) received notification that the ceiling value of the five-year Indefinite-Delivery/Indefinite-Quantity contract with the National Geospatial Intelligence Agency for economic indicator monitoring was increased from $30 million to $60 million.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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