KBRA assigns a long-term rating of AAA to the City of Dublin, OH General Obligation Various Purpose Improvement and Refunding Bonds, Series 2025. Key Credit Considerations The rating was assigned/affirmed because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
BlackRock Taxable Municipal Bond Trust (BBN) announced today an increase to its monthly distribution rate, driven by higher Fund earnings. Details are highlighted in the table below: Key dates: Declaration- 7/11/2025 Ex-Date- 8/15/2025 Record- 8/15/2025 Payable- 8/29/2025.
Eaton Vance Municipal Bond Fund (EIM) previously announced that the Fund will conduct a tender offer for up to 5% of the Fund?s then-outstanding common shares if, during the four-month measurement period beginning March 10, 2025 through July 9, 2025, the Fund?s common shares trade at an average discount to net asset value of more than 7.5%. The Fund has determined that the conditions of the Trigger E...
KBRA assigns a long-term rating of AAA for the Harris County Flood Control District, TX Improvement Bonds Refunding Bonds Series 2025, Contract Tax Refunding Bonds Series 2025A, and outstanding Contract Tax Obligations. Key Credit Considerations The ratings actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
KBRA assigns a long-term rating of AA with a Stable Outlook to the Salt Lake City, Utah Airport Revenue Bonds, Series 2025A and Airport Revenue Bonds, Series 2025B. Key Credit Considerations The rating action reflects the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade: For Downgrade. To access ratings and relevant documents, click here.
KBRA assigns a long-term rating of AAA to the Harris County, TX Permanent Improvement Refunding Bonds, Series 2025A and Unlimited Tax Road Refunding Bonds, Series 2025A. Key Credit Considerations The ratings reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
Velocity Financial, Inc. (VEL), a leader in investor real estate loans, today announced that Kroll Bond Rating Agency has reviewed the ratings on 26 of the outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC, resulting in 344 rating affirmations and 14 rating upgrades of the underlying tranches.
KBRA assigns its BBB- preliminary rating to JFK NTO LLC?s proposed $1.367 billion special facilities revenue bonds for Phase A of the Terminal One redevelopment project, also called New Terminal One, at New York?s John F. Kennedy International Airport. To access ratings and relevant documents, click here. Click here to view the report.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0380 per share of common stock, payable on August 1, 2025 to shareholders of record at the close of business on July 17, 2025. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced monthly dividend distributions of $0.06 per common share for the months of July, August, and September 2025. Portfolio and municipal market commentary will be published on or around July 1, 2025 and can be retrieved here.
KBRA assigns a long-term rating of AA to the County of Erie, NY General Obligation Public Improvement Serial Bonds, Series 2025A and General Obligation Refunding Serial Bonds, Series 2025B. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
Investortools, a leading provider of fixed-income software solutions, today announced a new integration with Piper Sandler (PIPR), a leading investment bank that specializes in municipal bond trading. This press release features multimedia. This partnership enables municipal bond investors and asset managers to trade directly with Piper Sandler (PIPR), without ever leaving the Investortools platform.
KBRA assigns a long-term rating of AA to the Alaska Municipal Bond Bank Authority General Obligation and Refunding Bonds, 2025 Series Three. KBRA additionally affirms the long-term rating of AA+ for the State of Alaska's General Obligation Bonds as well as the long-term rating of AA for the State's Appropriation Bonds. The rating Outlook for each obligation is Stable.
KBRA assigns a AAA rating, Stable Outlook to County of Chesterfield General Obligation Public Improvement Bonds Series 2025A and General Obligation Refunding Bonds Series 2025B. Key Credit Considerations The ratings actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
BNY Mellon Investment Adviser, Inc. announced today the completion of the reorganization of BNY Mellon Municipal Income, Inc., a registered closed-end fund, with and into BNY Mellon AMT-Free Municipal Bond Fund, a series of BNY Mellon Municipal Funds, Inc., a registered open-end fund, effective as of the close of business on Friday, June 20, 2025.
Investortools, a leading provider of fixed-income software solutions, today announced the integration of Spline Data?s Predictive Municipal Bond Pricing into the Investortools platform. This press release features multimedia.
KBRA assigns a long-term rating of AA to the Washington Metropolitan Area Transit Authority Second Lien Dedicated Revenue Bond, Series 2025A. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
KBRA assigns a long-term rating of AA+ to the City of El Paso, TX General Obligation Refunding Bonds, Series 2025. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
KBRA assigns a long-term rating of AA- to the El Paso County Hospital District, TX General Obligation Bonds, Series 2025. Key Credit Considerations The rating action reflects the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
New dataset delivers precision predictive pricing for over 100,000 corporate bonds across HY and IG markets SOLVE, the leading provider of pre-trade data and predictive pricing for fixed income securities markets, today announced the launch of SOLVE Px? for the Corporate Bond Market, a new AI-driven pricing tool for the high-yield and investment-grade corporate bond markets.
KBRA assigns a long-term rating of AA to the Wayne County Airport Authority: Airport Revenue Bonds, Series 2025A; Airport Revenue Bonds, Series 2025B; Airport Revenue Refunding Bonds, Series 2025C; and, Airport Revenue Refunding Bonds, Series 2025D. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0380 per share of common stock, payable on July 1, 2025 to shareholders of record at the close of business on June 17, 2025. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
KBRA assigns a long-term rating of AA- with a Stable Outlook to the Canutillo Independent School District, Texas, Unlimited Tax School Building Bonds, Series 2025. Key Credit Considerations Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade: For Downgrade: To access ratings and relevant documents, click here.
BNY Mellon Investment Adviser, Inc. announced today that, at a special meeting of stockholders of BNY Mellon Municipal Income, Inc., a registered closed-end fund, stockholders approved the reorganization of the Fund with and into BNY Mellon AMT-Free Municipal Bond Fund, a series of BNY Mellon Municipal Funds, Inc., a registered open-end fund.
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced its monthly dividend distribution of $0.06 per common share for the month of June 2025. Portfolio and municipal market commentary will be published on or around June 2, 2025 and can be retrieved here.
Firm introduces its first municipal bond interval fund, employing a tactical, credit-focused strategy in pursuit of high tax-exempt income First Eagle Investments today announced the launch of the First Eagle Tactical Municipal Opportunities Fund, the firm?s first municipal bond interval fund.
KBRA assigns a long-term rating of A to the City of Joliet, IL Waterworks and Sewerage System's Senior Lien WIFIA Loan Phase III for the Alternative Water Supply Program. Key Credit Considerations The rating was assigned and affirmed because of the following key considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
KBRA assigns ratings to nine serial bonds and one term bond issued by New York State Energy Research and Development Authority Residential Clean Energy and Energy Efficiency Financing Green Revenue Bonds, Series 2025A, a $60.0 million asset-backed securitization collateralized by residential solar loans and home improvement loans originated by New York State Energy Research and Development Auth...
KBRA assigns a long-term rating of A- to the City of Chicago, IL: General Obligation Bonds, Series 2025A; General Obligation Bonds, Series 2025B; General Obligation Bonds, Series 2025C; General Obligation Bonds, Taxable Series 2025D; General Obligation Bonds, Series 2025E; General Obligation Bonds, Series 2025F; and, General Obligation Bonds, Taxable Series 2025G.
KBRA assigns a long-term rating of AA to the Metropolitan Government of Nashville and Davidson County's Water and Sewer Revenue Refunding and Improvement Bonds, Series 2025. Key Credit Considerations The rating was assigned/affirmed because of the following key considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
These conversions will offer the same municipal bond strategies with the structural features of an ETF Franklin Templeton today announced plans to convert 10 Putnam municipal bond mutual funds into exchange-traded funds, marking a significant expansion of its municipal bond ETF lineup following the acquisition of Putnam Investments in January 2024.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
KBRA assigns a long-term rating of AAA to the Massachusetts Bay Transportation Authority Senior Sales Tax Bonds, 2025 Series A and Senior Sales Tax Bonds, 2025 Series B. KBRA additionally affirms the long-term rating of AAA for the Authority's outstanding Senior Sales Tax Bonds and AA+ for the Authority's Subordinated Sales Tax Bonds.
KBRA assigns a long-term rating of AA+ to the City of Fort Worth, TX General Purpose Bonds, Series 2025 and Tax Notes, Series 2025. Key Credit Considerations The rating actions were assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
Short Term and National Municipal Bond strategies to be offered as separately managed accounts to unlock tax-efficient, yield-focused investment for investors Easterly Asset Management, home to investment teams providing investors with a portfolio of solutions across alternatives, active equity, and active fixed income, today announced the launch of two municipal bond products, offered as separ...
KBRA releases research following the recent assignment of a negative sector outlook to the U.S. airport sector by Moody?s. While the announcement was largely based on current macroeconomic headwinds, KBRA believes that municipal bond investors are best served by issuer-specific credit analysis that takes into account the meaningful differences in financial, operational, and strategic profiles t...
Industry veteran brings more than two decades of municipal trading experience to support the firm?s expansion into investment grade muni strategies First Eagle Investments today announced the appointment of Justin Arabadjief as Head of High Grade Trading on the firm?s Municipal Credit team.
The ROCMuni Short Term Municipal Bond Fund Receives 5-Star Overall Morningstar Rating?; Three-Year Performance Ranks in the Top 1% Easterly Asset Management, home to investment teams providing investors with a portfolio of solutions across alternatives, active equity, and active fixed income, today recognized the third anniversary of the Easterly ROCMuni Short Term Municipal Bond Fund, marking ...
KBRA assigns preliminary ratings to nine serial bonds and one term bond issued by New York State Energy Research and Development Authority Residential Clean Energy and Energy Efficiency Financing Green Revenue Bonds, Series 2025A, a $59.77 million asset-backed securitization collateralized by residential solar loans and home improvement loans originated by New York State Energy Research and Dev...
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced monthly dividend distributions of $0.06 per common share for the month of May 2025. Portfolio and municipal market commentary will be published on or around May 1, 2025 and can be retrieved here.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Strategic Municipal Bond Fund, Inc. (DSM) and BNY Mellon Strategic Municipals, Inc. (LEO) have declared a monthly distribution for each Fund's common shares as summarized below. Important Information BNY Mellon Investment Adviser, Inc., the investment adviser for each Fund, is part of BNY Investments.
New visualization capabilities empower buy-side and sell-side traders to evaluate bond value changes over time to achieve portfolio precision SOLVE, the leading provider of pre-trade data and predictive pricing for fixed income securities markets, has unveiled new capabilities for SOLVE Px?, the firm?s proprietary, AI-driven, predictive price data for the municipal bond market.
Broward Health is pleased to announce that S&P Global Ratings has upgraded its long-term rating on Broward Health?s 2017B revenue bonds from 'A-' to 'A+'. ?The upgrade reflects the S&P Global Ratings? view of Broward Health?s strengthened enterprise profile, coupled with the continued trend of solid financial performance and improved balance-sheet metrics.
KBRA assigns a long-term rating of AA+, with a Stable Outlook, to the Harris County Hospital District, TX Limited Tax Bonds, Series 2025. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access ratings and relevant documents, click here.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0380 per share of common stock, payable on June 2, 2025 to shareholders of record at the close of business on May 16, 2025. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
KBRA assigns a AA, Stable Outlook to University of North Texas System Board of Regents Revenue Financing System Refunding and Improvement Bonds Series 2025A and RFS Taxable Refunding and Improvement Bonds Series 2025B. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade.
KBRA resolves the Watch Downgrade placed on the rating of the Department of Water and Power of the City of Los Angeles Power System Revenue Bonds on January 16, 2025 and assigns a long-term rating of AA to the Power System Revenue Bonds, 2025 Series A, and Power System Revenue Bonds, 2025 Series B. The rating on outstanding Power System Revenue Bonds is affirmed at AA.
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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