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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Harrington Re Ltd.. AM Best also has affirmed the Long-Term ICR of ?bbb-? of Harrington Reinsurance Holdings Limited.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of ?a? of International General Insurance Co. Ltd., International General Insurance Company Limited and International General Insurance Company SE. Concurrently, AM Best has affirmed the Long-Term ICR of ?bbb? of International General Insurance Holdings Ltd.. The outlook of these Credit Ratings is st...
SEGRO PLC (SEGXF): * LAUNCH AND PRICING OF A ?350 MILLION, 19-YEAR SENIOR UNSECURED BOND ISSUE, PRICED AT 175 BASIS POINTS ABOVE GILTS, Source text for Eikon: Further company coverage:
Regulatory News: SEGRO plc announces the launch and pricing of a ?350 million, 19-year senior unsecured bond issue, priced at 175 basis points above gilts, with an annual coupon of 5.125 per cent. The bond issuance, which was carried out under SEGRO?s Medium Term Note Programme, was almost six times oversubscribed. The proceeds of the issue will principally be used for general corporate purposes.
?. SEGRO plc (SEGXF) announces the launch and pricing of a ?350 million, 19-year senior unsecured bond issue, priced at 175 basis points above gilts, with an annual coupon of 5.125 per cent. The bond issuance, which was carried out under SEGRO?s Medium Term Note Programme, was almost six times oversubscribed. The proceeds of the issue will principally be used for general corporate purposes.
Alcon Inc. announced that it has commenced and priced a private offering of US$700 million aggregate principal amount of its 5.375% senior notes due 2032 and US$600 million aggregate principal amount of its 5.750% senior notes due 2052. The offering is expected to close on December 6, 2022, subject to customary closing conditions.
Debt placed through conduit Rhode Island Health and Educational Building Corp. will accelerate repairs at the Paul Cuffee School, a high school in Providence.
AM Best has upgraded the Financial Strength Rating to B++ from B+ and the Long-Term Issuer Credit Rating to ?bbb? from ?bbb-? of Lewer Life Insurance Company. These ratings reflect Lewer Life?s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, very limited business profile and appropriate enterprise risk management.
TORONTO, Nov. 29, 2022 EQB Inc.,?, announced upgrades to the ratings of EQB, Equitable Bank and Concentra Bank by DRBS Limited following an annual review of performance and the closing of the Bank's acquisition of Concentra Bank.
Copper Mountain Mining Corp (CPPMF) : * COPPER MOUNTAIN MINING RECEIVES BONDHOLDER APPROVAL FOR THE SALE OF THE EVA COPPER PROJECT AND THE AUSTRALIAN EXPLORATION TENEMENTS AND ANNOUNCES BOND BUYBACK OFFER Source text for Eikon: Further company coverage:
VANCOUVER, BC, Nov. 28, 2022 Copper Mountain Mining Corporation (CPPMF) ?is pleased to announce that it has received bondholder approval under its US$250 million senior secured bonds for the previously announced sale of its wholly-owned Eva Copper Project and its 2,100km2 exploration land package in Queensland, Australia to Harmony Gold Mining Company Limited.
NEW YORK, Nov. 28, 2022 Plaintiffs in the Bondholder Action have reached settlements totaling $1.749 million with The Bank of Tokyo-Mitsubishi, Credit Suisse Group AG and The Norinchukin Bank. Am I Included? You are a Member of the Subsequent Settlement Classes if you owned any bond or other debt security: What Are My Options? FILE A CLAIM. EXCLUDE YOURSELF. OBJECT.
S&P GLOBAL: * S&P SAYS BAHRAIN OUTLOOK REVISED TO POSITIVE FROM STABLE ON IMPROVING FISCAL TRAJECTORY; 'B+/B' RATINGS AFFIRMED. * S&P ON BAHRAIN SAYS POSITIVE OUTLOOK INDICATES THAT IT EXPECT THE GOVERNMENT WILL CONTINUE IMPLEMENTING FISCAL REFORMS TO REDUCE THE BUDGET DEFICIT.
Adler Group SA (ADPPF): * EQS-ADHOC: ADLER GROUP S.A. (ADPPF): AGREEMENT WITH BONDHOLDER GROUP ON AMENDMENT OF NOTE TERMS AND PROVISION OF SECURED DEBT FINANCING. * BONDHOLDERS HOLD AROUND 45% OF BONDS ISSUED BY ADLER GROUP (ADPPF). * ADLER GROUP INTENDS TO ENTER INTO A CORRESPONDING AGREEMENT WITH A MAJORITY OF ITS BONDHOLDERS IN DUE COURSE.
AM Best has assigned indicative Long-Term Issue Credit Ratings of ?bbb+? to subordinated issues, ?bbb? to preferred stock issues and ?a-? to senior unsecured issues on the recently filed shelf registrations of MetLife, Inc. [NYSE: MET]. The outlook assigned to these Credit Ratings is stable. MetLife?s financial leverage and the historical interest coverage are supportive of this rating.
AM Best has downgraded the Financial Strength Rating to B from B+ and the Long-Term Issuer Credit Rating to ?bb+? from ?bbb-? of Al Ittihad Al Watani Soci?t? G?n?rale D?Assurances du Proche Orient, sal.
Norsk Hydro ASA (NHYKF): * SUCCESSFUL PLACEMENT OF NEW SUSTAINABILITY LINKED BONDS. * BONDS WITH A TOTAL AMOUNT OF NOK 3,000 MILLION. * TRANSACTION SPLIT BETWEEN TWO TRANCHES: NOK 1,500 MILLION EACH Source text for Eikon: Further company coverage:
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 Al Fujairah National Insurance Company PJSC.
Meudon, 23 November 2022 ? Vallourec announces today that S&P Global has decided to upgrade Vallourec?s long-term issuer credit rating to 'B+' from 'B' and the issue rating on its senior unsecured notes to 'BB-' from 'B+'. S&P Global also affirmed 'B' rating on its commercial paper program. Attachment Image: Primary Logo.
General Electric Company (GE) announced today that GE Healthcare Holding LLC, a direct, wholly-owned subsidiary of GE, has closed its previously announced offering of $1,000,000,000 aggregate principal amount of 5.550% senior notes due 2024, $1,500,000,000 aggregate principal amount of 5.600% senior notes due 2025 and $1,750,000,000 aggregate principal amount of 5.650% senior notes due 2027, $1,250,...
Humana Inc. (HUM) announced today the completion of its public offering of $1.25 billion in aggregate principal amount of senior notes. The company expects net proceeds from the Senior Notes Offerings will be approximately $1.232 billion after deducting underwriters? discounts and estimated offering expenses.
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of ?aaa? for the members of Government Employees Group. The ratings reflect GEICO?s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favorable business profile and appropriate enterprise risk management.
AM Best has assigned a Long-Term Issue Credit Rating of ?bbb-? to the $500 million, 9%, non-cumulative preferred stock and ?bbb-? to the $500 million, 9.25% non-cumulative preferred stock issued by Lincoln National Corporation.
European companies are again looking to sell bonds after months of turbulence in world markets as investors warm up to riskier debt, offering the final opportunity to raise money before the year ends. Surging inflation, rapid interest rate hikes and a darkening economic outlook have weighed on bond sales from Europe's top-rated corporate issuers.
European companies are again looking to sell bonds after months of turbulence in world markets as investors warm up to riskier debt, offering the final opportunity to raise money before the year ends. Surging inflation, rapid interest rate hikes and a darkening economic outlook have weighed on bond sales from Europe's top-rated corporate issuers.
22 November 2022, 07:30 CET ArcelorMittal (MT) priced yesterday an offering of US$1.2 billion aggregate principal amount of 6.550% notes due 2027 and US$1.0 billion aggregate principal amount of 6.800% notes due 2032. The proceeds to ArcelorMittal (MT), amounting to approximately $2.2 billion, will be used for general corporate purposes.
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 Reaseguradora Patria, S.A.. AM Best also has affirmed the Long-Term ICR of ?bbb? of Patria Re?s ultimate parent, Pe?a Verde, S.A.B.. The outlook of these Credit Ratings is stable.
Asset manager BlackRock (BLK) said on Monday it had increased its strategic overweight on investment grade credit due to attractive valuations and the income potential coming from corporate bonds' higher yields.
Asset manager BlackRock said on Monday it had increased its strategic overweight on investment grade credit due to attractive valuations and the income potential coming from corporate bonds' higher yields.
Asset manager BlackRock (BLK) said on Monday it had increased its strategic overweight on investment grade credit due to attractive valuations and the income potential coming from corporate bonds' higher yields.
LOS ANGELES, Nov.?21, 2022 ?Rexford Industrial Realty, Inc. (REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, announced that Fitch Ratings upgraded Rexford Industrial's investment grade issuer and senior unsecured ratings.
* Asian stock markets : https://tmsnrt.rs/2zpUAr4. * China coronavirus outbreaks a setback to loosening hopes. * Dollar, bonds steady before Fed minutes. * Oil prices fragile after losing 10% last week. By Wayne Cole.
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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