News Results

  1. AM Best Assigns Issue Credit Rating to Sammons Financial Group, Inc.?s Senior Unsecured Notes
    Business Wire | 04/19/21 05:30 PM EDT

    AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the $850 million 3.35% 10-year senior unsecured notes issued by Sammons Financial Group, Inc., an intermediate holding company indirectly owned by Sammons Enterprises, Inc.. The outlook assigned to this Credit Rating is stable.

  2. KBRA Releases Research ? Coronavirus (COVID-19): March 2021 Unemployment Rates?Continued Signs of Improvement
    Business Wire | 04/19/21 03:10 PM EDT

    Kroll Bond Rating Agency releases commentary on the trends in the March 2021 state-level unemployment data. As various states continue with reopening efforts, the U.S. unemployment rate declined further month-over-month, to reach 6.2% in March 2021 versus 6.6% in February, marking its lowest level since the onset of the pandemic. Click here to view the report.

  3. BlackRock Announces Closing of Reorganizations of Six Municipal Closed-End Funds
    Business Wire | 04/19/21 09:00 AM EDT

    BlackRock Advisors, LLC today announced that the reorganizations of each of BlackRock Maryland Municipal Bond Trust (BZM), BlackRock Massachusetts Tax-Exempt Trust (MHE), BlackRock MuniYield Arizona Fund, Inc. (MZA), BlackRock MuniYield Investment Fund (MYF), BlackRock MuniEnhanced Fund, Inc. (MEN) and BlackRock MuniYield Quality Fund, Inc. (MQY) is effective as of the opening for business of the New York Stock Exchange on Monday...

  4. Pacific Life Announces Issuance of First Sustainable Bond
    Business Wire | 04/19/21 09:00 AM EDT

    Days after officially introducing the company?s Sustainable Bond Framework, Pacific Life announced today it has completed an inaugural $800 million Sustainability Bond offering through the Capital Markets Group of its Institutional Division.

  5. ?Genesis Energy, L.P. Announces Public Offering of $200 Million of Additional 8.0% Senior Notes Due 2027
    Business Wire | 04/19/21 07:29 AM EDT

    Genesis Energy, L.P. (GEL) today announced the commencement of a registered, underwritten public offering of $200,000,000 in aggregate principal amount of 8.0% senior unsecured notes due 2027. BofA Securities, Inc. is leading the offering along with several joint book-running managers and co-managers.

  6. Entegris Announces Pricing of $400 Million Offering of 3.625% Senior Unsecured Notes
    Business Wire | 04/16/21 06:47 PM EDT

    Entegris, Inc. (ENTG) today announced that it has priced its private offering of $400 million aggregate principal amount of 3.625% senior unsecured notes due 2029. The Company expects the net proceeds of the offering to be approximately $394 million, after deducting estimated commissions and offering fees and expenses.

  7. AM Best Affirms Credit Ratings of Industrial Alliance Insurance and Financial Services Inc. and Its Subsidiaries
    Business Wire | 04/16/21 05:30 PM EDT

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of ?aa-? of Industrial Alliance Insurance and Financial Services Inc.. Concurrently, AM Best has affirmed the Long-Term Issue Credit Ratings of IA. Additionally, AM Best has affirmed the FSR of A and the Long-Term ICRs of ?a? of IA?s U.S. life insurance entities within the IA American Life Group.

  8. AM Best Revises Issuer Credit Rating Outlook to Positive for EquiTrust Life Insurance Company
    Business Wire | 04/16/21 01:04 PM EDT

    AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb? of EquiTrust Life Insurance Company.

  9. LegalShield March Economic Stress Index: Consumer Stress at Historic Low; Despite Rising Interest Rates
    Business Wire | 04/16/21 10:00 AM EDT

    LegalShield today released its March Economic Stress Index, a suite of leading indicators of the economic and financial status of U.S. households and small businesses.

  10. Entegris Announces Proposed $400 Million Senior Unsecured Notes Offering
    Business Wire | 04/16/21 07:35 AM EDT

    Expected proceeds to be used to partially fund the redemption of senior unsecured notes due 2026 Entegris, Inc. (ENTG) today announced that it intends to offer $400 million aggregate principal amount of senior unsecured notes due 2029 in a private offering.

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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