KBRA assigns a long-term rating of A, with a Stable Outlook to the City of Chicago ? Chicago Midway Airport Senior Lien Airport Revenue and Revenue Refunding Bonds, Series 2023A; Senior Lien Airport Revenue Refunding Bonds, Series 2023B; and Senior Lien Airport Revenue Refunding Bonds Series 2023C.
KBRA assigns a long-term rating of AA+ with a Stable Outlook to the State of Connecticut: General Obligation Bonds; General Obligation Bonds; and, General Obligation Refunding Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
KBRA assigns its BBB- ratings to JFK NTO LLC?s aggregate $2.0 billion special facilities revenue bonds, and affirms the existing ratings associated with JFK NTO LLC?s senior secured facilities for Phase A of the Terminal One redevelopment project, also called New Terminal One, at New York?s John F. Kennedy International Airport.
Part of $2 Billion Issue to Fund Expanded Capacity to Meet Future Needs Assured Guaranty Municipal Corp.* insured $800 million of senior Special Facilities Revenue Bonds, Series 2023, issued by the New York Transportation Development Corporation on December 6. The bonds insured by AGM are part of a $2 billion issue of fixed-rate bonds that has been designated as Green Bonds.
Record Total Credit Trading Volume of $303.3 Billion; Record Eurobonds Trading Volume of $43.7 Billion and Record Municipal Bond Trading Volume of $12.6 Billion MarketAxess Holdings Inc. (MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced monthly trading volume and preliminary variable transaction fees per million for November 2023.1 Chris Concann...
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on January 2, 2024 to shareholders of record at the close of business on December 19, 2023. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
KBRA assigns a short-term rating of K1+ to Cobb County School District, Georgia's Short-Term Construction Notes, Series 2024, due December 15, 2024. Additionally, KBRA affirms the short-term rating of K1+ on the District's Short-Term Construction Notes, Series 2023 due December 15, 2023, and the long-term rating of AAA with a Stable Outlook for the District's Implied General Obligation Credit.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., 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.
KBRA assigns a long-term rating of A+ to the State of Louisiana Economic Damages Revenue Bonds [LA 1/LA 415 Connector Project], with a final maturity of September 1, 2033, and at the same time affirms the long-term rating of A+ for parity debt.
BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds have authorized the renewal of open market share repurchase programs.
DWS Municipal Income Trust (KTF) and DWS Strategic Municipal Income Trust (KSM) each announced that, effective as of today, the rate period termination date and the early term redemption date of the Fund?s currently outstanding Variable Rate MuniFund Term Preferred Shares, Series 2020-1 have been extended to November 10, 2026 and May 10, 2027, respectively. Important Information DWS Municipal Income Trust.
KBRA assigns its BBB- preliminary rating to JFK NTO LLC?s proposed $1.5 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.
Intercontinental Exchange (ICE), a leading global provider of data, technology and market infrastructure, and Databricks today announced a strategic collaboration that unlocks the full potential of ICE?s municipal bond evaluations, reference data and climate risk data in the Databricks Marketplace, powered by Delta Sharing, Databricks? open-source data sharing protocol.
HAMILTON, Bermuda---- Assured Guaranty Ltd. (AGO) announced today its financial results for the three-month period ended September 30, 2023. ?Assured Guaranty (AGO) achieved important strategic objectives in asset management, new business production and capital management during the third quarter and first nine months of 2023,? said Dominic Frederico, President and CEO.
Preston Hollow Community Capital completed the purchase of $51.65 million in tax-exempt and taxable revenue bonds issued through the California Municipal Finance Authority and the Dormitory Authority of the State of New York on behalf of AMDA College of the Performing Arts.
KBRA assigns a long-term rating of A with a Stable Outlook to the New Jersey Transportation Trust Fund Authority Transportation Program Bonds, 2023 Series BB. KBRA additionally affirms the long-term rating of A+ with a Stable Outlook for the State of New Jersey's General Obligation Bonds.
KBRA assigns a long-term rating of AAA to the State of Ohio General Obligation Highway Capital Improvement Bonds, Series Y and affirms the long-term rating of AAA for parity General Obligation Highway Capital Improvement Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade.
MarketAxess Holdings Inc. (MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced monthly trading volume and preliminary variable transaction fees per million for October 2023.1 Chris Concannon, CEO of MarketAxess (MKTX), commented: ?We delivered solid growth in U.S. high-grade, Eurobonds and municipal bond ADV in October compared to the prior year, and esti...
NEW YORK---- The Boards of Directors/Trustees of BlackRock MuniYield Michigan Quality Fund, Inc. (MIY), BlackRock MuniYield Pennsylvania Quality Fund (MPA), BlackRock Virginia Municipal Bond Trust (BHV), BlackRock Investment Quality Municipal Trust, Inc. (BKN) and BlackRock MuniYield Quality Fund III, Inc. (MYI) today announced the withdrawal of merger proposals that were previously approved by the Boards pursuant to which ...
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., 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.
KBRA assigns a long-term rating of BBB- with a Stable outlook to Revenue Bonds, Series 2023 issued by the Westchester County Local Development Corporation, NY on behalf of Westchester County Health Care Corporation. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.03 per share of common stock, payable on December 1, 2023 to shareholders of record at the close of business on November 9, 2023. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Knightscope, Inc. (KSCP) [Nasdaq: KSCP], a leading developer of autonomous security robots and blue light emergency communication systems, today announces a $10 million Public Safety Infrastructure Bond Offering where the public may fight crime with their investment portfolio. This press release features multimedia.
KBRA assigns a long-term rating of BBB with a Stable Outlook to the Board of Education of the City of Chicago's Unlimited Tax General Obligation Bonds, Series 2023A . Concurrently, KBRA affirms the long-term ratings on the Board of Education of the City of Chicago?s outstanding General Obligation bonds.
BlackRock (BLK) announced today the planned termination of three 2023 iShares iBonds ETFs, which possess the following timelines for trading, net-asset value calculation and expected liquidation: iBonds ETFs are designed to cease trading and mature during a specific maturity window like an individual bond. iBonds ETFs across treasuries, municipal bonds and both investment-grade and high-yield corpora...
BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock-advised closed-end funds during the quarter ended September 30, 2023.
BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock-advised closed-end funds during the quarter ended September 30, 2023.
BlackRock Advisors, LLC released today share repurchase activity for certain BlackRock-advised closed-end funds during the quarter ended September 30, 2023.
MarketAxess Holdings Inc. (MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced monthly trading volume and preliminary variable transaction fees per million for the third quarter ended September 30, 2023.1 Chris Concannon, CEO of MarketAxess (MKTX), commented: ?Our international businesses and our municipal bond offering registered solid ADV growth in the ...
On September 29, 2023, KBRA assigned a long-term rating of AA- with a Stable Outlook to the Power Authority of the State of New York Green Transmission Project Revenue Bonds, Series 2023A. To access rating and relevant documents, click here. Click here to view the report.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0400 per share of common stock, payable on November 1, 2023 to shareholders of record at the close of business on October 19, 2023. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
BlackRock (BLK) announced today the planned termination of the iShares iBonds Dec 2023 Term Muni Bond ETF, which possesses the following timelines for trading, net-asset value calculation and expected liquidation: iBonds ETFs are designed to cease trading and mature during a specific maturity window like an individual bond. iBonds ETFs across treasuries, municipal bonds and both investment-grade and ...
The Board of Trustees of Nuveen Municipal Income Fund, Inc. (NMI) has approved certain investment policy changes for the fund. The policy changes grant the fund more flexibility to invest in lower rated municipal securities.
The Securities and Exchange Commission, Municipal Securities Rulemaking Board, and Financial Industry Regulatory Authority today announced that registration is open for a virtual Compliance Outreach Program for municipal market professionals.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc., 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.
On September 22, 2023, KBRA assigned a long-term rating of AA+ with a Stable Outlook to The City of New York?s General Obligation Bonds, Fiscal 2024 Series B, consisting of Taxable Social Bonds, Subseries B-1 and Taxable Bonds, Subseries B-2. To access rating and relevant documents, click here. Click here to view the report.
KBRA assigns a long-term rating of AA+ with a Stable Outlook to The City of New York?s General Obligation Bonds Fiscal 2024 Series B - Taxable Social Bonds, Subseries B-1 and Taxable Bonds, Subseries B-2. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
On September 20, 2023, KBRA assigned a long-term rating of AA- to the Metropolitan Pier and Exposition Authority McCormick Place Expansion Project Refunding Bonds, Series 2023A and McCormick Place Expansion Project Refunding Bonds, Series 2023B. To access rating and relevant documents, click here. Click here to view the report.
Carl Katerndahl to join new team as Chief Operating Officer First Eagle Investments today announced that it has established a new High Yield Municipal Credit team. ?At First Eagle, we want to be a gravity well for superb talent. Miller has spent nearly three decades in the municipal bond arena, with more than 23 years managing portfolios on behalf of clients.
On September 19, 2023, KBRA assigned long-term ratings of AA with Positive Outlooks to the Chicago Park District's General Obligation Limited Tax Park Bonds Series 2023B; General Obligation Limited Tax Refunding Bonds, Series 2023C; General Obligation Unlimited Tax Refunding Bonds, Series 2023D; and General Obligation Unlimited Tax Bonds, Series 2023F.
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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