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Business Wire
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01/24/23 09:00 AM EST
Preston Hollow Community Capital recently announced the closing of a $300 million tax-exempt bond financing that will consolidate financing of the Towers, Drew, Cook, Quad, and Axis dormitories across the Howard University campus into one unified transaction.
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Business Wire
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01/23/23 01:06 PM EST
On January 20, 2023, KBRA assigned a long-term rating of AA with a Stable Outlook to the Triborough Bridge and Tunnel Authority General Revenue Refunding Bonds, Series 2023A. Concurrently, KBRA affirmed the long-term rating of AA on the TBTA?s outstanding General Revenue Bonds and the long-term rating of AA- on the Subordinate Revenue Bonds. To access ratings and relevant documents, click here.
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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