News Results

  1. AM Best Downgrades Credit Ratings of American Sentinel Insurance Company; Maintains Under Review With Developing Implications Status
    Business Wire | 05:08 PM EDT

    AM Best has downgraded the Financial Strength Rating to B+ from B++ and the Long-Term Issuer Credit Rating to ?bbb-? from ?bbb? of American Sentinel Insurance Company. The ratings reflect American Sentinel?s balance sheet strength, which AM Best categorizes as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

  2. Highlands Holdings Bond Issuer, Ltd. Announces Pricing of $500 Million Senior Secured PIK Toggle Notes Due 2025
    Business Wire | 04:25 PM EDT

    Highlands Holdings Bond Issuer, Ltd., a Bermuda exempted company and Highlands Holdings Bond Co-Issuer, Inc., a Delaware corporation and direct, wholly owned subsidiary of the Bermuda Issuer announced today that they priced $500 million aggregate principal amount of 7.625% / 8.375% Senior Secured PIK Toggle Notes due 2025 at an issue price of 100.000% in an offering.

  3. Guzman & Company Selected by Federal Reserve Bank of New York to Assist With Secondary Market Corporate Credit Facility (SMCCF)
    Business Wire | 12:16 PM EDT

    Guzman & Company, a Coral Gables-based investment bank and brokerage firm, is honored to participate in the Secondary Market Corporate Credit Facility, a program enacted by the Federal Reserve Bank of New York to provide liquidity for the corporate bond market.

  4. AM Best Affirms Credit Ratings of BF&M Limited and Its Subsidiaries
    Business Wire | 10/22/20 01:23 PM EDT

    AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? of BF&M Life Insurance Company Limited, BF&M General Insurance Company Limited and Island Heritage Insurance Company, Ltd.. AM Best also has affirmed the Long-Term ICR of ?bbb? of the parent company, BF&M Limited.

  5. AM Best Affirms Credit Ratings of Seguros Inbursa, S.A. Grupo Financiero Inbursa
    Business Wire | 10/22/20 11:49 AM EDT

    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 Seguros Inbursa, S.A. Grupo Financiero Inbursa . The outlook of these Credit Ratings is stable.

  6. AM Best Affirms Credit Ratings of Union Insurance Company P.J.S.C.
    Business Wire | 10/22/20 09:24 AM EDT

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Union Insurance Company P.J.S.C.. The outlook of these Credit Ratings is stable. The ratings reflect Union?s balance sheet strength, which AM Best categorises as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

  7. Dream Industrial REIT Announces BBB Rating by DBRS and New C$200 Million Euro-Denominated Unsecured Financing
    Business Wire | 10/22/20 07:39 AM EDT

    This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release. Dream Industrial REIT announced today that it has been assigned an Issuer Rating of BBB with Stable Trend by DBRS Limited.

  8. Sallie Mae Reports Third-Quarter 2020 Financial Results
    Business Wire | 10/21/20 04:30 PM EDT

    Third-Quarter GAAP Net Income Attributable to Common Stock of $169 Million, or $0.45 Per Diluted Share; Third-Quarter ?Core Earnings? Attributable to Common Stock of $179 Million, or $0.47 Per Diluted Share Initiated Restructuring Program Focused on Improving Operational Efficiencies; Recorded a $24 Million Restructuring Charge; Significant Efficiencies Expected to be Realized in 2021 and Beyon...

  9. AM Best Removes From Under Review With Negative Implications and Affirms Credit Ratings of Weston Insurance Company
    Business Wire | 10/21/20 04:21 PM EDT

    AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of Weston Insurance Company. The ratings reflect Weston?s balance sheet strength, which AM Best categorizes as adequate, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.

  10. KBRA Assigns AA Rating with a Negative Outlook to the MTA Transportation Revenue Refunding Green Bonds, Series 2020E (Climate Bond Certified)
    Business Wire | 10/21/20 03:21 PM EDT

    Kroll Bond Rating Agency assigns a long-term rating of AA with a Negative Outlook to the Metropolitan Transportation Authority Transportation Revenue Refunding Green Bonds, Series 2020E. Concurrently, KBRA affirms the long-term rating of AA with a Negative Outlook on the MTA?s outstanding Transportation Revenue Bonds. Click here to view the report.

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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