News Results

  1. AM Best Affirms Credit Ratings of Chubb Seguros Panama S.A.
    Business Wire | 05:29 PM EST

    AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Rating of ?aa+? of Chubb Seguros Panama S.A.. The outlook of these Credit Ratings is stable.

  2. Seaspan Announces Summons for Bondholders' Meeting
    PR Newswire | 05:00 PM EST

    LONDON, Dec. 1, 2022 Seaspan Corporation a wholly owned subsidiary of Atlas Corp. (ATCO), has today instructed Nordic Trustee to summon a bondholders' meeting for 16 December 2022 for the Company's senior unsecured bonds maturing in April 2026. The purpose of the meeting is to consider a proposal for certain amendments to the bond terms.

  3. AM Best Affirms Credit Ratings of First Chicago Insurance Company, Upgrades Issuer Credit Rating of United Security Health and Casualty Insurance Company
    Business Wire | 03:11 PM EST

    AM Best has affirmed the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of ?bb? of First Chicago Insurance Company . Concurrently, AM Best has upgraded the Long-Term ICR to ?b+? from ?b? and affirmed the FSR of C++ of United Security Health and Casualty Insurance Company, a wholly owned subsidiary of FCIC.

  4. S&P warns of possible trebling of U.S., European default rates
    Reuters | 11:52 AM EST

    Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and might even treble next year as rising borrowing costs take their toll. The firm estimated that the "trailing-12-month default rates" in the U.S. and Europe would reach 3.75% and 3.25% respectively by September, more than double the 1.6% and 1.4% in September 2022.

  5. S&P warns of possible trebling of U.S., European default rates
    Reuters | 11:47 AM EST

    Credit rating firm S&P Global has warned that speculative-grade U.S. and European corporate default rates are likely to double and might even treble next year as rising borrowing costs take their toll. The firm estimated that the "trailing-12-month default rates" in the U.S. and Europe would reach 3.75% and 3.25% respectively by September, more than double the 1.6% and 1.4% in September 2022.

  6. AM Best Upgrades Credit Ratings of Triple-S Propiedad, Inc.
    Business Wire | 11:21 AM EST

    AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Triple-S Propiedad, Inc.. The outlook of the FSR has been revised to stable from positive, while the outlook of the Long-Term ICR is positive.

  7. AM Best Affirms Credit Ratings of Nationwide Mutual Insurance Company and Its Key Operating Subsidiaries
    Business Wire | 11:19 AM EST

    AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of ?aa-? of the members of Nationwide Group. In addition, AM Best has affirmed the Long-Term IRs of ?a? of the surplus notes issued by Nationwide Mutual Insurance Company.

  8. AM Best Upgrades Credit Ratings of S2C S.p.A. Compagnia di Assicurazioni di Crediti e Cauzioni
    Business Wire | 10:49 AM EST

    AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of S2C S.p.A. Compagnia di Assicurazioni di Crediti e Cauzioni. The ratings reflect S2C?s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.

  9. AM Best Affirms Credit Ratings of Irwell Insurance Company Limited
    Business Wire | 10:41 AM EST

    AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of ?bbb? of Irwell Insurance Company Limited. The ratings reflect Irwell?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.

  10. Adocia Strengthens Its Cash Position with EUR 6 Million Through the Issuance of Convertible Bonds Subscribed by European Investors in Order to Accelerate the Development of Key Products
    Business Wire | 01:30 AM EST

    LYON, France---- Regulatory News: Adocia, a clinical-stage biopharmaceutical company specializing in the development of innovative formulations of proteins and peptides for the treatment of diabetes and other metabolic diseases announced today the completion of a EUR 6 million financing operation.

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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