This press release corrects, replaces and entirely supersedes a prior version published on April 16, 2025. ?We are very pleased that Fitch has upgraded our senior secured debt rating to BBB,? stated Seth Meyer, chief financial officer of Hercules.
AM Best has downgraded the Financial Strength Rating to B++ from A- and the Long-Term Issuer Credit Rating to ?bbb+? from ?a-? of Stillwater Insurance Company and its wholly owned subsidiary, Stillwater Property and Casualty Insurance Company.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Mozart Insurance, Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect Mozart?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.
Fitch: * FITCH: STILL EXPECTS FEDERAL RESERVE TO WAIT UNTIL 4Q25 BEFORE CUTTING RATES DESPITE DETERIORATING US GROWTH OUTLOOK. * FITCH: WE NOW EXPECT DEEPER RATE CUTS FROM ECB AND IN EMERGING MARKETS. * FITCH: EXPECT SOME ADDITIONAL US TARIFF REVENUES TO BE RECYCLED BACK INTO US ECONOMY OVER NEXT 18 MONTHS, INCLUDING THROUGH TAX CUTS.
CUSIP Global Services today announced the release of its CUSIP Issuance Trends Report for March 2025. North American corporate CUSIP requests totaled 8,447 in March, which is up 4.2% on a monthly basis. The aggregate total of identifier requests for new municipal securities ? including municipal bonds, long-term and short-term notes, and commercial paper ? fell 1.1% versus February totals.
Hercules Capital, Inc. (HTGC), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Fitch Ratings, Inc. has upgraded Hercules? investment grade credit and corporate rating to BBB from BBB- with a stable outlook, as well as its un...
BOSTON, April 15, 2025 STAG Industrial, Inc. (STAG) today announced that it entered into a note purchase agreement to issue $550 million of fixed rate senior unsecured notes in a private placement offering with a weighted average fixed interest rate of 5.65% and a weighted average tenor of 6.5 years. June 25, 2025.
AM Best has upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of Echelon Insurance. The ratings reflect Echelon?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 upgraded the Financial Strength Rating to A- from B++ and the Long-Term Issuer Credit Rating to ?a-? from ?bbb+? of ?ptima Seguros. The ratings reflect ?ptima?s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.
?. Santander UK PLC. Issue of GBP 1,500,000,000.00. Floating Rate Covered Bonds due Jan 2028. Series 80 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. GBP 19,498,931.51. POOL FACTOR.
India's Toyota Financial Services has accepted bids worth 5
billion rupees ($58.29 million) for bonds maturing in three years and two months, three bankers
said on Tuesday.
The company will ...
HP Inc. (HPQ) today announced the pricing of its underwritten public offering of $1 billion aggregate principal amount of senior unsecured notes, consisting of $500 million aggregate principal amount of its 5.400% notes due 2030 at a public offering price of 99.732% of the principal amount, and $500 million aggregate principal amount of its 6.100% notes due 2035 at a public offering price of 99.778% ...
* S&P: HUNGARY OUTLOOK REVISED TO NEGATIVE FROM STABLE ON FISCAL AND EXTERNAL RISKS; 'BBB-/A-3' RATINGS AFFIRMED. * S&P: VOLATILE EXTERNAL ECONOMIC CONDITIONS, UNCERTAINTY ON EU INFLOWS, RETURNING INFLATION COMPLICATE HUNGARY POLICYMAKING, RAISING STAGFLATION RISKS.
S&P: * S&P SAYS ITALY RATING RAISED TO 'BBB+' ON EXTERNAL BUFFERS AND MONETARY FLEXIBILITY; OUTLOOK STABLE; 'A-2' RATING AFFIRMED. * S&P: WE SEE MITIGATING FACTORS THAT MAY PARTIALLY OFFSET IMPACT OF DECLINING GLOBAL DEMAND THIS YEAR ON ITALY'S GDP. * S&P: PROJECT ITALY'S DEBT WILL START TO DECLINE BY 2028. * S&P: EU-FUNDED PROJECTS WILL HELP ITALY MITIGATE TRADE SHOCK.
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the members of Old Republic Insurance Companies. In addition, AM Best has upgraded the FSR to A- from B++ and the Long-Term ICR to ?a-? from ?bbb+? of Old Republic Life Insurance Company.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of ?bbb-? of AXA Mansard Insurance Plc. The Credit Ratings reflect AXA Mansard?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.
Keysight Technologies Inc (KEYS): * KEYSIGHT TECHNOLOGIES ANNOUNCES PRICING OF PUBLIC OFFERING OF SENIOR UNSECURED NOTES Source text: Further company coverage:
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Acerta Compa?ia de Seguros, S.A.. The outlook of these Credit Ratings is stable. The ratings reflect Acerta?s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
AM Best has revised the outlook to stable from positive for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb? of Life Insurance Company of Alabama.
AM Best has revised the outlook to stable from negative for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B++ and the Long-Term ICR of ?bbb+? of Florida Farm Bureau Casualty Insurance Company and its fully reinsured subsidiary, Florida Farm Bureau General Insurance Company, collectively referred to as Florida Farm Bureau Group.
Four companies tapped the U.S. corporate bond market on Thursday after financial markets got a brief lift from the Trump administration's Wednesday pause on tariffs on some countries.
FITCH: * FITCH: BAHAMAS' RATINGS REFLECT HIGH GDP PER CAPITA AND STRONG GOVERNANCE. * FITCH: BAHAMAS RATINGS CONSTRAINED BY HIGH INTEREST & DEBT BURDENS RELATIVE TO PEERS Source text:
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of ?a-? of Sagicor Life Inc. and Sagicor General Insurance Inc., Sagicor Life Insurance Company and ivari.
* U.S. corporate bond market quiets on tariff war, Treasury market volatility. * Bond spreads widen most in week after tariffs since first week of March 2023 regional bank stress. * Five to six companies stay on sidelines after volatility, syndicate banker says. By Matt Tracy.
-U.S. corporate bond market issuances have dried up after opening for just one bond offering on Tuesday, as spreads in the week after President Donald Trump's sweeping tariffs widened the most since the 2023 regional banking crisis.
The U.S. corporate bond market has shut again after opening for just one bond offering on Tuesday, as spreads in the week after President Donald Trump's Liberation Day tariffs have widened the most since 2023's regional banking crisis.
A $125 million bond sale by the Indianapolis Local Public Improvement Bond Bank for Indianapolis public transit operator IndyGo is on day-to-day status.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? of National Indemnity Company and its affiliates. The ratings reflect National Indemnity?s balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, very favorable business profile and appropriate enterprise risk management.
Prospect Capital Corporation (PSEC) is pleased to host an upcoming webinar for financial professionals titled ?Medium Term Notes ? Senior Position and Attractive Income?. The webinar will provide attendees an overview of senior unsecured bonds, medium term notes, and how a portfolio can benefit from programmatic bonds through attractive contractual cash income streams, optionality across sizes and mat...
?. Santander UK PLC. Issue of GBP 1,250,000,000.00. Floating rate covered bond due July 2027. Series 84 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. GBP 15,906,301.37. POOL FACTOR.
?. Santander UK PLC. Issue of GBP 1,500,000,000.00. Floating Rate Covered Bonds due Jan 2028. Series 80 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. GBP 21,929,753.42. POOL FACTOR.
* * 'Reciprocal' tariffs came into effect on Wednesday. * Asian equities, Treasuries down sharply in Asian hours. * Share sales, bond deals hit across Asia. SEOUL, April 9 - South Korean battery maker Samsung SDI, is cutting by 14% the price of new shares it will sell to raise 2 trillion won, as the global markets' selloff triggered by U.S. tariff fears hit corporate deals across Asia.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a+? of the key U.S. life/health subsidiaries and Europe-based insurance companies of The Cigna Group [NYSE: CI]. In addition, AM Best has affirmed the Long-Term ICR of ?bbb+? and the Long-Term Issue Credit Ratings of Cigna.
OCI NV: * OCI GLOBAL ANNOUNCES AGREEMENT WITH BONDHOLDERS. * OCI NV - TO LAUNCH TENDER OFFER FOR BONDS AT 110.75% OF PAR WITHIN 5 DAYS OF CLOSING OF METCO DEAL, BONDHOLDER GROUP AGREES TO SUPPORT Source text: Further company coverage:
Paychex, Inc. (PAYX) today announced the pricing of a public offering of $4.2 billion aggregate principal amount of senior notes, consisting of $1.5 billion aggregate principal amount of 5.100% notes due 2030, $1.5 billion aggregate principal amount of 5.350% notes due 2032, and $1.2 billion aggregate principal amount of 5.600% notes due 2035.
AMSTERDAM, April 8, 2025 OCI Global? a leading global producer and distributor of hydrogen products today announced that it has reached a support agreement? with a group of holders of its U.S.$ 600,000,000 6.700 per cent Notes due 2033, relating to the treatment of the Bonds following the completion of the announced sale of OCI's Global Methanol Business to Methanex Corporation.
TriplePoint Venture Growth BDC Corp. (TPVG), a leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced that DBRS, Inc. has confirmed the Company?s investment grade Long-Term Issuer Rating and Long-Term Senior Debt Rating of BBB.
Third Consecutive Upgrade Reflects Strong Financial Position, Growth Strategy, and Clinical Excellence The Prime Healthcare Foundation, one of the nation?s largest nonprofit health systems, has received a credit rating upgrade from Fitch Ratings to A- from BBB+ for both its Issuer Default Rating and Revenue Bond Credit, with a Stable Outlook.
TEGUCIGALPA, Honduras, April 8, 2025 The Japanese rating agency Japan Credit Rating Agency confirmed the long-term international credit risk rating of the Central American Bank for Economic Integration at "AA", improving the outlook from "Stable" to "Positive".
MIDVALE, Utah, April 8, 2025 Sutton Specialty Insurance Company and Sutton National Insurance Company and Bamboo Ide8 Insurance Services, LLC., a subsidiary of White Mountains Insurance Group, Ltd. (WTM), announced the renewal of Bamboo's reinsurance program, which included the successful closing of the Greengrove Re Ltd. Series 2025-1 catastrophe bond and the execution and funding of the Greenshoots...
Paychex (PAYX) announced the sale of a three-part bond on Tuesday, the first corporate bond offering to be launched since primary markets dried up after Trump imposed sweeping tariffs on U.S. imports last Wednesday. Paychex (PAYX), a provider of human resources, employee benefit and payroll services, is using the bond to pay for its $4.1 billion acquisition of Paycor HCM (PYCR), announced in January.
* Japanese companies postpone bond sales due to market volatility. * U.S. tariffs spark fears of trade war, affecting global markets. * Market uncertainty impacts capital raising deals across Asia. By Miho Uranaka and Anton Bridge.
Moody's: * MOODY'S: CHANGE IN OUTLOOK TO POSITIVE REFLECTS INCREASED LIKELIHOOD THAT FISCAL CONSOLIDATION WILL STRENGTHEN BAHAMAS' CREDIT PROFILE OVER TIME. * MOODY'S: BAHAMAS' POSITIVE FISCAL & LIQUIDITY DEVELOPMENTS UNLIKELY TO BE AFFECTED BY PERIOD OF GLOBAL FINANCIAL MARKETS VOLATILITY Source text:
VICI Properties Inc. (VICI) announced today that its subsidiary, VICI Properties L.P., has completed its public offering of $1.3 billion in aggregate principal amount of senior unsecured notes consisting of: The Issuer intends to use the net proceeds from the offering to repay its outstanding $500.0 million in aggregate principal amount of 4.375% senior notes due 2025, $799.4 million in aggregate prin...
Regulatory News: Tikehau Capital announces the successful placement of a new bond issue for a total amount of ?500 million due April 2031. The strong investor demand, with an oversubscription of 2.8 times, reflects the Company?s solid credit profile and investor confidence in a challenging market environment.
Moody's: * MOODY'S RATINGS ASSIGNS A CAA1 CFR TO SPIRIT AIRLINES FOLLOWING EMERGENCE FROM BANKRUPTCY; OUTLOOK STABLE. * MOODY'S: OUTLOOKS FOR SPIRIT AND SPIRIT IP ARE STABLE. * MOODY'S: WEAKENING CONSUMER CONFIDENCE & REDUCED SPENDING FROM LOWER-INCOME DEMOGRAPHIC WILL BE HEADWINDS TO SPIRIT ACHIEVING ITS TURNAROUND PLAN.
B Riley Financial Inc (RILY): * B. RILEY FINANCIAL ANNOUNCES PRIVATE BOND EXCHANGE TO REDUCE DEBT BY APPROXIMATELY $12 MILLION. * B Riley Financial Inc (RILY) - INVESTOR TO EXCHANGE $22 MILLION IN SENIOR NOTES FOR $10 MILLION IN NEW NOTES Source text: Further company coverage:
LOS ANGELES, April 7, 2025 B. Riley Financial, Inc. (RILY), a diversified financial services company, today announced it has entered into a privately negotiated exchange agreement with an institutional investor, which will reduce the Company's total outstanding debt by approximately $12 million.
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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