* MOODY'S RATINGS DOWNGRADES SENEGAL TO B1, PLACES RATINGS ON REVIEW FOR DOWNGRADE. * MOODY'S ON SENEGAL: DOWNGRADE IS DRIVEN BY A SIGNIFICANTLY WEAKER FISCAL AND DEBT POSITION THAN WE HAD PREVIOUSLY ASSESSED. * MOODY'S: SENEGAL'S LOCAL & FOREIGN CURRENCY COUNTRY CEILINGS HAVE BEEN LOWERED TO BAA3 AND BA1, RESPECTIVELY.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of ?bbb? and the Mexico National Scale Rating of ?aa.MX? of Dentegra Seguros Dentales, S.A.. The outlook of these Credit Ratings is stable.
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Ratings of ?bbb+? of the two operating subsidiaries of Nagico Holdings Limited ? National General Insurance Corporation N.V. and Nagico Insurance Company Limited.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb+? of Eurasia Insurance Company JSC. The ratings reflect Eurasia?s balance sheet strength, which AM Best assesses as strong, as well as the company?s strong operating performance, neutral business profile and appropriate enterprise risk management.
AM Best has affirmed the Long-Term Issue Credit Rating of ?a-? on the $750 million, 5.3% senior unsecured notes, due December 2034, of MetLife, Inc. [NYSE: MET]. The outlook of this Credit Rating is stable. The rating applies to the recently issued $250 million, 5.3% senior unsecured notes, due 2034, and its existing $500 million, 5.3% senior unsecured notes, due 2034, issued June 5, 2024.
AM Best has assigned a Long-Term Issue Credit Rating of ?aa+? to the $500 million, 4.35% senior secured medium-term notes, due Sept. 17, 2031, issued by MassMutual Global Funding II.. MassMutual?s leverage and interest coverage ratios are within AM Best?s guidelines for its ratings. This press release relates to Credit Ratings that have been published on AM Best?s website.
Fitch is unlikely to upgrade Brazil's credit rating in the near-term, despite its better-than-expected economic growth, because of doubts the country will be able to significantly improve public finances, a director in its sovereign ratings group said. Fitch currently rates Brazil's credit as BB, two notches below investment grade, with a stable outlook.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Kansas City Life Insurance Company [OTCQX: KCLI]. Additionally, AM Best has revised the outlook of the Long-Term ICR to stable from negative and affirmed the FSR of B++ and the Long-Term ICR of ?bbb+? of Old American Insurance Company, a who...
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the key life/health subsidiaries of Globe Life Inc. [NYSE: GL]. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb+? of Globe Life.
A.M. Best and Morningstar DBRS affirm Foresters financial strength ratings TORONTO, Oct. 3, 2024 Foresters Financial?, a leading global life insurer committed to empowering its members and their families to do more of the good they want to do, today announced that independent rating agency A.M. Best Company?has affirmed The Independent Order of Foresters Financial Strength Rating of "A" with a ...
Keysight Technologies Inc (KEYS): * KEYSIGHT TECHNOLOGIES ANNOUNCES PRICING OF PUBLIC OFFERING OF SENIOR UNSECURED NOTES. * Keysight Technologies Inc (KEYS) - PRICES $600 MILLION PUBLIC OFFERING OF SENIOR UNSECURED NOTES. * Keysight Technologies Inc (KEYS) - NOTES MATURE IN 2034 WITH 4.950% ANNUAL INTEREST RATE Source text for Eikon: Further company coverage:
OKLAHOMA CITY, Oct. 2, 2024 Ascent Resources Utica Holdings, LLC announced today that it, along with its wholly-owned subsidiary, ARU Finance Corporation, has priced a private offering of $600 million in aggregate principal amount of 6.625% senior unsecured notes due 2032 at par.
Keysight Technologies, Inc. (KEYS) today announced the pricing of an underwritten, registered public offering of its senior unsecured fixed rate notes in an aggregate principal amount of $600,000,000. Keysight (KEYS) intends to use the net proceeds from the Offering for general corporate purposes, including to repay its outstanding $600 million of 4.55% senior notes due October 30, 2024.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Ol? Insurance Group Corp I.I.. The outlook of these Credit Ratings is stable.
?. City Of Goteborg. SEK 650,000,000.00 MTN. Floating Rate Green Bonds due 2028. Series GB25 Tranche 1 MTN. ISSUE NAME. Our Ref. ISIN Code. TOTAL INTEREST AMT. CURRENCY CODE. DAY BASIS. NUM OF DAYS. INTEREST RATE. VALUE DATE. INTEREST PERIOD. SEK 6,063,506.94. POOL FACTOR. View source version on businesswire.com: https://www.businesswire.com/news/home/20241002552663/en/ Source: Deutsche Bank AG.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of AXA S.A. and its rated subsidiaries. The ratings reflect AXA?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, very favourable business profile and very strong enterprise risk management.
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 Gar-Bo F?rs?kring AB.
HAMILTON, Bermuda, Oct. 2, 2024 Borr Drilling Limited (BORR) has today requested Nordic Trustee AS to summon for a bondholders' written resolution for the Company's senior unsecured convertible bonds with?ISIN NO0012828187.
OKLAHOMA CITY, Oct. 2, 2024 Ascent Resources Utica Holdings, LLC announced today that it, along with its wholly-owned subsidiary,?ARU Finance Corporation, intends to offer $600 million in aggregate principal amount of senior unsecured notes due 2032 in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended.
Real-world asset tokenization company Digital Asset said Tuesday that it completed a pilot initiative to tokenize U.K. bonds, Eurobonds, and gold for financial transactions using the Canton Network protocol.
Ferguson Enterprises Inc (FERG): * REG-Ferguson Enterprises Inc (FERG). FERGUSON PRICES $750 MILLION OF SENIOR UNSECURED NOTES. * Ferguson Enterprises Inc (FERG) - PRICED A PUBLIC OFFERING OF $750 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 5.000% SENIOR UNSECURED NOTES DUE 2034 Source text for Eikon: Further company coverage:
?. On October 1, 2024, Ferguson Enterprises Inc. (FERG) announced that it has priced a public offering of $750 million in aggregate principal amount of 5.000% senior unsecured notes due 2034. Ferguson intends to use a portion of the net proceeds from the sale of the Notes to prepay certain outstanding term loans, with the remaining proceeds to be used for general corporate purposes.
Ratings agency Moody's upgraded Brazil's long-term issuer and senior unsecured bond ratings to Ba1 from Ba2 on Tuesday, leaving Latin America's largest economy just one step away from regaining investment grade. A higher rating reflects improved creditworthiness, enabling countries to issue debt at lower interest rates.
AM Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of ?bbb+? to AVLA Re Ltd.. The outlook assigned to these Credit Ratings is stable. The ratings of AVLA Re reflect its 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.
S&P: * S&P SAYS ISRAEL LONG-TERM RATINGS LOWERED TO 'A' FROM 'A+' ON HEIGHTENED SECURITY RISK; OUTLOOK NEGATIVE. * S&P: INCREASING LIKELIHOOD THAT ISRAEL'S CONFLICT WITH HEZBOLLAH BECOMES MORE PROTRACTED AND INTENSIFIES, POSING SECURITY RISKS FOR ISRAEL. * S&P SAYS DOWNGRADE REFLECTS FALLOUT ON ISRAEL'S ECONOMY AND PUBLIC FINANCES FROM A WORSENING CONFLICT WITH HEZBOLLAH IN LEBANON.
Ratings agency Moody's upgraded Brazil's long-term issuer and senior unsecured bond ratings to Ba1 from Ba2 on Tuesday, maintaining a positive outlook for the country. The move leaves Latin America's largest economy just one step away from regaining an investment grade rating. A superior rating reflects enhanced creditworthiness, allowing nations to issue debt at reduced interest rates.
F&G Annuities & Life Inc (FG): * F&G ANNUITIES & LIFE PRICES SENIOR UNSECURED NOTES OFFERING. * F&G Annuities & Life Inc (FG) - PRICES $500 MILLION SENIOR NOTES DUE 2034 Source text for Eikon: Further company coverage:
DES MOINES, Iowa, Oct. 1, 2024 F&G Annuities & Life, Inc. (FG) today announced that it priced a public offering of $500 million aggregate principal amount of its 6.250% senior notes due 2034. The notes will be guaranteed on an unsecured, unsubordinated basis by each of F&G's subsidiaries that are guarantors of F&G's obligations under its existing credit agreement.
Moody's: * MOODY'S RATINGS UPGRADES BRAZIL'S RATINGS TO BA1 AND MAINTAINS POSITIVE OUTLOOK. * MOODY'S ON BRAZIL: UPGRADE REFLECTS MATERIAL CREDIT IMPROVEMENTS WHICH WE EXPECT TO CONTINUE. * MOODY'S ON BRAZIL: IN NEXT FEW YEARS, SEE GROWTH TO REMAIN BROAD-BASED WITH DOMESTIC DEMAND PROPELLED BY A RELATIVELY STRONG LABOR MARKET.
On October 1, 2024, Ferguson Enterprises Inc. (FERG) announced that it has priced a public offering of $750 million in aggregate principal amount of 5.000% senior unsecured notes due 2034. Ferguson intends to use a portion of the net proceeds from the sale of the Notes to prepay certain outstanding term loans, with the remaining proceeds to be used for general corporate purposes.
AM Best has downgraded the Financial Strength Rating to B- from B and the Long-Term Issuer Credit Rating to ?bb-? from ?bb? of Sublimity Insurance Company. The ratings reflect SIC?s balance sheet strength, which AM Best assesses as weak, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
TORONTO, Oct. 1, 2024 Russel Metals Inc. (RUSMF) today gave notice to redeem its 5.75% senior unsecured notes due October 27, 2025 effective October 27, 2024, at a price equal to 100% of the aggregate principal amount of the Notes to be redeemed plus accrued and unpaid interest thereon.
VAUGHAN, ON, Oct. 1, 2024 GFL Environmental Inc. (GFL) today announced the pricing of US$210 million in aggregate principal amount of Florida Development Finance Corporation Solid Waste Disposal Revenue Bonds at 4.375% in a transaction that was significantly oversubscribed.
* MOODY'S RATINGS: DOWNGRADES DIRECTV'S CFR TO B1, PLACES RATINGS ON REVIEW FOR DOWNGRADE FOLLOWING AGREEMENT TO ACQUIRE DISH DBS Source text for Eikon: Further company coverage:
Ameren Corp (AEE): * AMEREN MISSOURI ANNOUNCES PRICING OF GREEN FIRST MORTGAGE BONDS DUE 2055. * Ameren Corp (AEE) - PRICES $450 MILLION OF 5.125% FIRST MORTGAGE BONDS DUE 2055 AT 99.881% OF PRINCIPAL AMOUNT Source text for Eikon: Further company coverage:
ST. LOUIS, Sept. 30, 2024 Union Electric Company, doing business as Ameren Missouri, a subsidiary of Ameren Corporation (AEE), announced today the pricing of a public offering of $450 million aggregate principal amount of 5.125% first mortgage bonds due 2055 at 99.881% of their principal amount.
US Foods Holding Corp (USFD): * US FOODS ANNOUNCES PRICING OF PRIVATE OFFERING OF $500 MILLION OF SENIOR UNSECURED NOTES. * US Foods Holding Corp (USFD) - PRICES $500 MILLION OF 5.75% SENIOR UNSECURED NOTES DUE 2033 Source text for Eikon: Further company coverage:
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 Grupo Mexicano de Seguros, S.A. de C.V.. The outlooks of these Credit Ratings are stable.
US Foods Holding Corp. (USFD) today announced that its wholly-owned subsidiary, US Foods (USFD), Inc., has priced the previously announced notes offering and has agreed to issue and sell $500 million aggregate principal amount of 5.75% senior unsecured notes due 2033. US Foods (USFD) intends to use the net proceeds of the Notes offering to repay a portion of the amounts outstanding under its term loan facility.
Regulatory News: Vivendi has entered today into financing agreements to cover the potential redemption of its outstanding bond debt should the Group?s split project, which feasibility study was announced on September 13, 2023, be pursued and approved at an extraordinary general meeting of its shareholders.
AM Best has affirmed the Financial Strength Rating of A+, the Long-Term Issuer Credit Rating of ?aa-? and the Mexico National Scale Rating of ?aaa.MX? of Sompo Seguros Mexico, S.A. de C.V.. The outlook of these Credit Ratings is stable.
AM Best has assigned indicative Long-Term Issue Credit Ratings of ?a-? to senior unsecured issues, ?bbb+? to senior subordinated issues and ?bbb? to junior subordinated and preferred stock on the recently filed shelf registration of The Hartford Financial Services Group, Inc. [NYSE: HIG]. The outlook assigned to these Credit Ratings is positive.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of Sompo Japan Insurance Inc. and its subsidiaries. Concurrently, AM Best has affirmed the Long-Term ICR of ?a-? of Sompo International Holdings Ltd.. In addition, AM Best has affirmed the Long-Term Issue Credit Rating of ?a-? on $335 million 7% senior unsecured notes due by 2034.
US Foods Holding Corp (USFD): * US FOODS ANNOUNCES PRIVATE OFFERING OF $500 MILLION OF SENIOR UNSECURED NOTES. * US Foods Holding Corp (USFD) - ANNOUNCES $500 MILLION OFFERING OF SENIOR UNSECURED NOTES DUE 2033. * US Foods Holding Corp (USFD) - PROCEEDS TO REPAY PORTION OF TERM LOAN FACILITY Source text for Eikon: Further company coverage:
US Foods Holding Corp. (USFD) today announced that its wholly-owned subsidiary, US Foods (USFD), Inc., intends, subject to market and other conditions, to offer $500 million in aggregate principal amount of senior unsecured notes due 2033.
Amsterdam, 27 September 2024?? VEON Ltd. (VEON), a global digital operator that provides converged connectivity and online services, announces that the VEON Holdings B.V. notes due November 2027 are expected to be included in the J.P. Morgan EM Corporate Indices at the end of September 2024.
Substantially all of the proceeds to be used to repay existing higher-cost debt facilities Pagaya Technologies LTD. (PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that its wholly owned subsidiary, Pagaya US Holding Company LLC, priced its offering of $140 million aggregate principal amount of exchangeable senior notes due 2029 in...
Starwood Property Trust Inc (STWD) : * STARWOOD PROPERTY TRUST ANNOUNCES PRICING OF PRIVATE OFFERING OF SUSTAINABILITY BONDS. * Starwood Property Trust Inc (STWD) - PRICES $400 MILLION IN 6.000% NOTES DUE 2030. * Starwood Property Trust Inc (STWD) - NOTES PRICED AT 100% OF PRINCIPAL AMOUNT, SETTLEMENT EXPECTED OCT 10 Source text for Eikon: Further company coverage:
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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