News Results

  1. KBRA Assigns AA+ Rating, Stable Outlook to The City of New York's General Obligation Bonds
    Business Wire | 02/23/24 04:14 PM EST

    KBRA assigns long-term rating of AA+ with a Stable Outlook to The City of New York's General Obligation Bonds - Fiscal 2006 Series J, Subseries J-A, Fiscal 2008 Series A, Subseries A-4, Fiscal 2008 Series C, Subseries C-4, Fiscal 2009 Series B, Subseries B-3, and General Obligation Bonds, Fiscal 2024 Series C. Concurrently, KBRA affirms the AA+ rating and Stable Outlook on the City's outstandin...

  2. AM Best Affirms Credit Ratings of Equitable Holdings, Inc. and Its Life Subsidiaries
    Business Wire | 02/23/24 04:05 PM EST

    AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Equitable Financial Life Insurance Company of America and Equitable Financial Life Insurance Company.

  3. AM Best Downgrades Issuer Credit Ratings of A-CAP Group Members; Places Credit Ratings Under Review With Negative Implications
    Business Wire | 02/23/24 02:44 PM EST

    AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Atlantic Coast Life Insurance Company and Sentinel Security Life Insurance Company. The Long-Term ICR downgrade is based on A-CAP Group?s risk management of reinsurance counterparties and its reliance on those counterparties.

  4. KBRA Assigns Preliminary Ratings to PNMAC GMSR ISSUER TRUST MSR COLLATERALIZED NOTES, Series 2024-GT1
    Business Wire | 02/23/24 01:07 PM EST

    KBRA assigns ratings of ?BBB? to the Series 2024-GT1 Term Notes from PNMAC GMSR ISSUER TRUST, PennyMac Loan Services, LLC?s master trust issuer of notes backed by participation certificates evidencing participation interest in mortgage servicing rights on loans underlying Ginnie Mae guaranteed mortgage backed securities.

  5. AM Best Upgrades Credit Ratings of Independence Life and Annuity; Affirms Credit Ratings of Sun Life Financial and Most of Its Subsidiaries
    Business Wire | 02/22/24 05:40 PM EST

    AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Rating to ?a? from ?a-? of Independence Life and Annuity Company.

  6. AM Best Revises Issuer Credit Rating Outlook to Negative for PEMCO Mutual Insurance Company
    Business Wire | 02/22/24 04:57 PM EST

    AM Best has revised the outlook to negative 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 PEMCO Mutual Insurance Company.

  7. Fidelis Insurance Group Sponsors New Herbie Re Ltd. Catastrophe Bond
    Business Wire | 02/22/24 04:18 PM EST

    Fidelis Insurance Holdings Limited (FIHL) announced today that Fidelis Insurance Bermuda Limited has successfully closed a new catastrophe bond through the issuance of the Series 2024-1 Class A Principal at Risk Variable Rate Notes and the Series 2024-1 Class B Principal at Risk Variable Rate Notes by its Herbie Re Ltd. program.

  8. AM Best Affirms Credit Ratings of Berkshire Hathaway Homestate Insurance Company and Its Affiliates
    Business Wire | 02/22/24 03:53 PM EST

    AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Berkshire Hathaway Homestate Insurance Company and its five property/casualty affiliates.

  9. Federal Home Loan Bank of Dallas and First Federal Bank of Louisiana Award $75K Grant to Help Homeowners with Property Ownership Issues
    Business Wire | 02/22/24 03:23 PM EST

    Funds to Support Clients With Legal Assistance and Consumer Education. The Federal Home Loan Bank of Dallas has awarded a $75,000 Heirs? Property Program grant to Project Build a Future. This press release features multimedia. In 2023, FHLB Dallas awarded $905,200 which will assist more than 900 residents resolve an estimated 442 titles.

  10. Heirs? Property Grant of $75K Awarded by Federal Home Loan Bank of Dallas and Broadway Bank
    Business Wire | 02/22/24 02:18 PM EST

    Funds to Help Prevent or Remediate Property Title Issues. The Federal Home Loan Bank of Dallas awarded $75,000 in Heirs? Property Program grants to the Mexican American Unity Council through its member Broadway Bank. This press release features multimedia.

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.

fir_news_results