KBRA assigns a rating of BBB to the senior unsecured notes issued by BGC Group, Inc. (BGC), a diversified holding company and market leader specializing in global wholesale brokerage, complemented with a growing financial technology platform that offers an array of products and services to various types of clients, including governments, corporations, and financial institutions, including banks, brok...
The Board of Trustees of Nuveen Municipal Income Fund, Inc. (NMI) has approved certain investment policy changes for the fund. The policy changes grant the fund more flexibility to invest in lower rated municipal securities.
AM Best has downgraded the Financial Strength Rating to B++ from A and the Long-Term Issuer Credit Rating to ?bbb+? from ?a? of Dover Bay Specialty Insurance Company. The Credit Ratings of Dover Bay reflect its balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, limited business profile and appropriate ERM.
The Securities and Exchange Commission, Municipal Securities Rulemaking Board, and Financial Industry Regulatory Authority today announced that registration is open for a virtual Compliance Outreach Program for municipal market professionals.
AM Best has downgraded the Financial Strength Rating to B- from B++ and the Long-Term Issuer Credit Rating to ?bb-? from ?bbb? of Wolverine Mutual Insurance Company. These ratings reflect Wolverine?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
AM Best has affirmed the Financial Strength Ratings of A and the Long-Term Issuer Credit Ratings of ?a+? of Ascot Bermuda Limited, as well as certain members of the Ascot Insurance U.S. Group..
VANCOUVER, British Columbia---- EverGen Infrastructure Corp. (EVGIF) is pleased to announce it has entered a 10-year agreement with the City of Regina to process all of the organic waste collected pursuant to its Food and Yard Waste program. "We are thrilled to complete this agreement with the City of Regina and to have the support of BDC on our latest project.
FHLB Dallas? Partnership Grant Program Provides 3:1 Match of Members? Donations. Louisiana community-based organizations received $160,250 from the Federal Home Loan Bank of Dallas and 14 member institutions.
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.
FHLB Dallas? Partnership Grant Program Provides 3:1 Match of Members? Donations. Texas community-based organizations received $184,000 from the Federal Home Loan Bank of Dallas and nine member institutions.
FHLB Dallas? Partnership Grant Program Provides 3:1 Match of Members? Donations. Mississippi community-based organizations received $166,500 from the Federal Home Loan Bank of Dallas and seven member institutions.
FHLB Dallas? Partnership Grant Program Provides 3:1 Match of Members? Donations. Four Arkansas community-based organizations received $46,000 from the Federal Home Loan Bank of Dallas and three member institutions.
AM Best has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of Compagnie Centrale de R?assurance. The ratings reflect CCR?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and marginal enterprise risk management.
AM Best has assigned a Financial Strength Rating of B++, a Long-Term Issuer Credit Rating of ?bbb+?, and the India National Scale Rating of aaa.IN to ECGC Ltd.. The outlook assigned to these Credit Ratings is stable.
AM Best has upgraded the Financial Strength Rating to A from A- and the Long-Term Issuer Credit Ratings to ?a? from ?a-? for the health and dental insurance subsidiaries of Humana Inc. (HUM) [NYSE: HUM]. These subsidiaries collectively are referred to as Humana Health Group.
AM Best has assigned a Financial Strength Rating of A+ and a Long-Term Issuer Credit Rating of ?aa-? to Aviva Insurance Limited. The ratings of AIL reflect its strategic importance and deep integration to Aviva as a leading provider of non-life insurance in the United Kingdom.
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 Beneficial Insurance Limited.
Obesity and overweight are estimated to have caused a staggering $5.7 billion reduction in Iowa?s economy in 2022, equivalent to 2.5% of the state's gross domestic product, according to a report released by GlobalData Plc (GLDAF), a leading data and analytics company.
Update Regarding Fallback Provisions for Outstanding US Law-Governed Citi-Issued USD LIBOR CMS Instruments On June 30, 2023, ICE Benchmark Administration ceased publication of all ICE Swap Rate settings based on USD LIBOR.
Today, Western Midstream Partners, LP (WES) announced that its subsidiary, Western Midstream Operating, LP, has priced an offering of $600 million in aggregate principal amount of 6.350% senior notes due 2029 at a price to the public of 99.786% of their face value.
AM Best has assigned a Preliminary Credit Assessment to Ol? Insurance Group Corp I.I. with a Financial Strength Assessment of B++ pca and a Long-Term Issuer Credit Assessment of ?bbb? pca. The PCA reflects Ol? Insurance?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 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 Stewart Title Guaranty de M?xico, S.A. de C.V.. The outlook of these Credit Ratings is stable.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Tokio Marine & Nichido Fire Insurance Co., Ltd. and its U.S. subsidiaries. The ratings reflect TMNF?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.
The release of the new report kicks off the 2023 L?ATTITUDE Conference in Miami, Florida, creating a national platform for deeper analysis and discussion by top U.S. Latino business leaders about The New Mainstream Economy The Latino Donor Collaborative, a nonprofit organization and think tank dedicated to producing research that highlights economic opportunities for growth, has released its hi...
Sitio Royalties Corp. (STR) today announced the pricing of $600 million in aggregate principal amount of senior unsecured notes due 2028 by its subsidiaries, Sitio Royalties Operating Partnership, LP, and Sitio Finance Corp.. The size of the offering was increased from $500 million. The offering is expected to close on October 3, 2023, subject to customary closing conditions.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Jet Insurance Company. The Credit Ratings reflect Jet?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.
Team prefers quality factor within equities, views government bonds as attractive Russell Investments? strategists expect a mild recession for the U.S. economy in 2024, while market expectations for the U.S. Federal Reserve to navigate a soft-landing provide equities with support for the next few months.
AM Best has assigned a Long-Term Issue Credit Rating of ?a-? to the recently issued CAD 400 million, 5.276% senior unsecured medium-term notes, due 2054, issued by Intact Financial Corporation.
Company Also Obtained a Registration as Virtual Asset Service Provider in Spain Kraken, one of the world?s longest-standing and most secure crypto platforms, today announced it has received authorization from the Central Bank of Ireland as an E-Money Institution.
Integration with Freddie Mac?s AIM Check API can help automate and simplify income assessment to turn leads into applications Blend, a leading provider of cloud banking services, today announced the addition of Assets-Derived Income to its existing Blend Income product.
AgTech leader invited as Unicorn Innovation Community member to be among the world?s most promising start-ups and scale-ups. ProducePay, the agtech company transforming the global produce industry into a more connected and sustainable supply chain, has joined the World Economic Forum's prestigious Innovator Communities as a Unicorn member.
On September 22, 2023, KBRA assigned a long-term rating of AA+ with a Stable Outlook to The City of New York?s General Obligation Bonds, Fiscal 2024 Series B, consisting of Taxable Social Bonds, Subseries B-1 and Taxable Bonds, Subseries B-2. To access rating and relevant documents, click here. Click here to view the report.
Given the strong recovery in Mexico?s insurance industry amid expected GDP growth in 2023, AM Best has revised its outlook on the country?s insurance segment to stable from negative. The Best?s Market Segment Report, ?Market Segment Outlook: Mexico Insurance,? states that premiums in the first half of 2023 grew by 8.5% following three years of near-stagnant growth.
Schwab Asset Management?, the asset management arm of The Charles Schwab Corporation (SCHW) and the fifth-largest provider1 of ETFs, today announced the reduction of operating expense ratios for the Schwab High Yield Bond ETF and the Schwab U.S. TIPS ETF, bringing the fees for Schwab Asset Management?s entire lineup of fixed income ETFs to only three basis points.
Given the strong recovery in Mexico?s insurance industry amid expected GDP growth in 2023, AM Best has revised its outlook on the country?s insurance segment to stable from negative. The Best?s Market Segment Report, ?Market Segment Outlook: Mexico Insurance,? states that premiums in the first half of 2023 grew by 8.5% following three years of near-stagnant growth.
LONDON & HO CHI MINH CITY, Vietnam---- To avoid issuance of an acceleration notice, No Va Land Investment Group Corp. must engage with an Ad Hoc Group of international bondholders, comprising investors with a combined AUM in excess of USD15bn, holding over 75% of USD 300m convertible bonds, to negotiate a restructuring agreement in good faith.
KBRA assigns a long-term rating of AA+ with a Stable Outlook to The City of New York?s General Obligation Bonds Fiscal 2024 Series B - Taxable Social Bonds, Subseries B-1 and Taxable Bonds, Subseries B-2. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
AM Best has upgraded the Long-Term Issuer Credit Rating to ?bbb+? from ?bbb? and affirmed the Financial Strength Rating of B++ of Reaseguradora Delta, S.A.. The outlook of these Credit Ratings is stable.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of State Farm Mutual Automobile Insurance Company and its affiliates, State Farm Fire and Casualty Company and State Farm County Mutual Insurance Company of Texas, collectively referred to as State Farm Group.
Sunnova Energy Corporation, a wholly owned subsidiary of Sunnova Energy International Inc. (NOVA), today announced the pricing of $400 million aggregate principal amount of green 11.750% senior notes due 2028 in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended and to non-U.S. persons outside of the United States in reliance on Regulation S...
Recognized innovator will contribute to WEF?s Centre for Cybersecurity?s initiative to address systemic challenges and build cyber resilience. Metabase Q, a leading all-in-one cybersecurity solution, today announced it has joined the World Economic Forum?s Global Innovators Community.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Compa??a Reaseguradora del Ecuador S.A.. The outlook of these Credit Ratings is positive.
AM Best has downgraded the Financial Strength Rating to C from C++ and the Long-Term Issuer Credit Rating to ?ccc? from ?b+? of Insurance House P.S.C.. Concurrently, AM Best has withdrawn these Credit Ratings as the company has requested to no longer participate in AM Best?s interactive rating process.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of Highmark Inc. and its life/health subsidiaries, collectively known as Highmark Inc. Group.
AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb+? of East Africa Reinsurance Company Limited. The ratings reflect EARe?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.
Coveted industry recognition ? representing continued excellence in the growing cannabis industry ? was awarded to Green Check at this year?s Annual Cannabis Payments, Banking, and Compliance Conference Green Check, the leading fintech provider of financial services solutions and industry insights in the emerging cannabis market, today announced it was named the Top Compliance Company at the PB...
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of National Reinsurance Corporation of the Philippines. The ratings reflect Nat Re?s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb+? from ?bbb-? of Associated Mutual Insurance Cooperative. The ratings reflect Associated Mutual?s balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aa+? of Samsung Fire & Marine Insurance Co., Ltd. and its subsidiaries, Samsung Fire & Marine Insurance Company of Europe Limited, Samsung Vina Insurance Co., Ltd., and Samsung Reinsurance Pte.
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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