News Results

  1. FHLB Dallas and Wells Fargo Award $1.5M to Foundation Communities
    Business Wire | 01/14/22 10:48 AM EST

    AHP Funds Will Offset Costs to Build Two Austin Apartments. The Federal Home Loan Bank of Dallas and Wells Fargo awarded $1.5 million via two Affordable Housing Program subsidies for affordable rental developments in the works in Austin, Texas. This press release features multimedia.

  2. Federal Home Loan Bank of Dallas Announces 2022 Advisory Council Members
    Business Wire | 01/14/22 09:00 AM EST

    The Federal Home Loan Bank of Dallas is pleased to announce the appointment of four new members of its Affordable Housing Advisory Council and one reappointment.

  3. Virgin Galactic Holdings, Inc. Prices $425 Million Convertible Senior Notes Offering
    Business Wire | 01/14/22 01:07 AM EST

    Virgin Galactic Holdings, Inc. (SPCE) today announced the pricing of its offering of $425 million aggregate principal amount of 2.50% convertible senior notes due 2027 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.

  4. KBRA Assigns Preliminary Ratings to Freddie Mac?s STACR 2022-DNA1
    Business Wire | 01/13/22 04:33 PM EST

    KBRA assigns preliminary ratings to 34 classes from Freddie Mac Structured Agency Credit Risk REMIC 2022 DNA1 Notes, Freddie Mac STACR REMIC Trust 2022-DNA1, a credit risk sharing transaction with a total note offering of $1,353,000,000.

  5. AM Best Affirms Credit Ratings of Factory Mutual Insurance Company and Its Subsidiaries
    Business Wire | 01/13/22 04:21 PM EST

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Factory Mutual Insurance Company and its subsidiaries, which are collectively referred to as FM Global Group.

  6. AM Best Affirms Credit Ratings of The Progressive Corporation and Subsidiaries
    Business Wire | 01/13/22 03:54 PM EST

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? for the members of The Progressive Corporation [NYSE: PGR]. Additionally, AM Best has affirmed the Long-Term ICR of ?a? for Progressive, the parent holding company, and all Long-Term Issue Credit Ratings on Progressive?s senior and preferred stock issuances.

  7. AM Best Revises Outlooks to Stable for Mountain West Farm Bureau Mutual Insurance Company
    Business Wire | 01/13/22 11:41 AM EST

    AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Mountain West Farm Bureau Mutual Insurance Company.

  8. AM Best Affirms Credit Ratings of Hannover R?ck SE and Its Main Subsidiaries
    Business Wire | 01/13/22 11:30 AM EST

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa? of Hannover R?ck SE and its main subsidiaries. These ratings reflect Hannover Re?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.

  9. Visa U.S. Spending Momentum Index Closed 2021 on a Strong Note
    Business Wire | 01/13/22 10:31 AM EST

    Visa today announced that the U.S. Spending Momentum Index was 108.4 in December, its strongest reading for the month since the start of the index. The Visa SMI is an economic indicator of the health of consumer spending. By category, the SMI for discretionary purchases fell 4.9 points from the previous month to 103.

  10. Virgin Galactic Holdings, Inc. Announces Proposed Convertible Senior Notes Offering
    Business Wire | 01/13/22 07:40 AM EST

    Virgin Galactic Holdings, Inc. (SPCE) today announced its intention to offer, subject to market and other conditions, $425 million aggregate principal amount of convertible senior notes due 2027 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.

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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