Fund is designed to provide exposure to longer duration investment grade municipal bonds with a strategic allocation to high-yield munis New York Life Investments today announced the launch of the NYLI MacKay Muni Allocation ETF (MMMA), an actively-managed municipal bond ETF designed to deliver attractive, tax-exempt income through a combination of predominately long-duration investment grade municipa...
KBRA assigns a short-term rating of K1+ to Cobb County School District, Georgia's Short-Term Construction Notes, Series 2026, due December 15, 2026. Additionally, KBRA affirms the short-term rating of K1+ on the District's Short-Term Construction Notes, Series 2025 due December 15, 2025, and the long-term rating of AAA with a Stable Outlook for the District's Implied General Obligation Credit.
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of ?a-? of Kansas City Life Insurance Company [OTCQX: KCLI]. At the same time, AM Best downgraded the FSR to B+ from B++ and the Long-Term ICR to ?bbb-? from ?bbb? of Grange Life Insurance Company.?The outlook of these Credit Ratings is negative.
Step strengthens Louisiana?s role in U.S. energy leadership and advances project finance process for biomass?to?fuel facility DevvStream Corp. (DEVS), a leading carbon management and environmental-asset monetization firm, and Southern Energy Renewables Inc., a U.S.-based producer of low-cost fuels made from biomass, with a flagship Louisiana project that plans to utilize regional wood-waste biom...
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0420 per share of common stock, payable on January 2, 2026 to shareholders of record at the close of business on December 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 an A+ long-term rating to the City of Chicago, Illinois Chicago O'Hare International Airport General Airport Senior Lien Revenue Refunding Bonds Series 2025C and Series 2025D.
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.
The New Hampshire Business Finance Authority Board of Directors has approved a groundbreaking financing structure that will make New Hampshire the first state in the world to issue a municipal bond backed by Bitcoin. The $100 million inaugural issuance marks a major milestone in the integration of digital assets with traditional capital markets.
Integration of SOLVE Market Data and Predictive Pricing enhances transparency and workflow efficiency for fixed income desks SOLVE, the leading provider of pre-trade data and predictive pricing for fixed income securities markets, today announced a new partnership with Charles River Development, a State Street company, to begin integrating SOLVE?s fixed income and predictive pricing capabilitie...
KBRA assigns a long-term rating of AA+ with a Stable Outlook to the State of Illinois, Build Illinois Bonds, Junior Obligation Series A, B, and C of December 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 AAA to the Special Obligation School Financing Bonds, Series 2025, issued by the Virginia Public School Authority on behalf of the County of Hanover, VA. Concurrently, KBRA assigns a AAA rating to outstanding parity obligations.
KBRA assigns an A+ long-term rating to the City of Chicago, Illinois Chicago O'Hare International Airport Senior Lien Revenue Bonds Series 2025E, Series 2025F, and Series 2025G.
KBRA assigns a long-term rating of AA+ to Travis County Hospital District's Series 2025 Certificates of Obligation and affirms outstanding parity COs at AA+, all with a Stable Outlook.
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.
Inaugural fund attracts more than 180 investors, exceeding initial target and underscoring growing demand for mission-driven housing investments. NewPoint Impact Fund I has successfully closed with $348 million of equity commitments, surpassing its original target range of $250?$275 million. This press release features multimedia.
KBRA assigns a long-term rating of AA with a Stable Outlook to the Miami-Dade County Florida Water and Sewer System Revenue Bonds, Series 2025A, Water and Sewer System Revenue Refunding Bonds, Series 2025B, and outstanding parity obligations. Credit strengths are counterbalanced by the high capital costs and leverage associated with federal and State-mandated capital projects.
KBRA assigns a long-term rating of AA to the Chicago Park District, IL General Obligation Limited Tax Park Bonds, Series 2025A and General Obligation Limited Tax Refunding 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.
The offering, underwritten by Morgan Stanley, was increased from $150M amid strong investor confidence in the nonprofit developer?s work to ease the affordability crisis on the West Coast BRIDGE Housing, the leading nonprofit affordable housing provider on the West Coast, has closed on $175 million in taxable general obligation bonds after expanding the offering due to strong investor demand.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0420 per share of common stock, payable on December 1, 2025 to shareholders of record at the close of business on November 19, 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 to the Department of Water and Power of the City of Los Angeles Water System Revenue Bonds, 2025 Series C. The Outlook is Stable. LADWP is the nation's largest municipal utility, operating as a proprietary, self-supporting department of the City of Los Angeles. Water System Revenue Bonds and other parity indebtedness are secured by the Water Revenue Fund.
KBRA assigns a long-term rating of AAA to Round Rock Independent School District's Series 2025C Unlimited Tax Refunding Bonds. 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 North Slope Borough, AK 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.
KBRA assigns a long-term rating of AA- to the Canutillo Independent School District, Texas, Unlimited Tax Refunding Bonds, Series 2025. Proceeds of the Bonds will refinance certain outstanding Bonds of the District and fund the costs of issuance. Key Credit Considerations Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
KBRA assigns a long-term rating of AAA with a Stable Outlook to the County of Henrico, VA Water and Sewer Revenue Bonds, Series 2025D. 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 AAA with a Stable Outlook to the City of Winchester, VA General Obligation Public Improvement 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.
KBRA assigns a long-term rating of BBB- to the Unlimited Tax General Obligation Refunding Bonds, Series 2025B and Unlimited Tax General Obligation Refunding Bonds, Series 2025C of the Board of Education of the City of Chicago, IL. The downgrade to BBB- applies to the Series 2025B and Series 2025C Bonds and certain outstanding parity series for which KBRA has not received a legal opinion provide...
New ETF delivers access to short-duration investment-grade municipal bonds near call dates, offering federally tax-exempt income with lower duration risk. F/m Investments, an $18 billion investment firm and an innovative provider of exchange-traded funds, today announced the launch of the F/m Ultrashort Tax-Free Municipal ETF.
KBRA assigns a long-term rating of A+ with a Stable Outlook to the City of Pensacola, FL Airport Revenue 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.
KBRA affirms the long-term rating of A+ for the State of New Jersey's General Obligation Bonds and revises the rating outlook to Positive, from Stable, for the State's General Obligation Bonds and related State Appropriation bonds.
KBRA assigns a long-term rating of AA+ with a Stable Outlook to the City of New York General Obligation Bonds, Fiscal 2026 Series D and Fiscal 2026 Series E. The Fiscal 2026 Series D Bonds are tax-exempt. General Obligation Bonds, of which approximately $46.72 billion were outstanding as of June 30, 2025, are secured by the City?s faith and credit pledge.
KBRA assigns a long-term rating of A+ with a Stable Outlook to the Pennsylvania Turnpike Commission Turnpike Subordinate Revenue Refunding Bonds, First Series 2025. Proceeds from the sale will be used to defease and redeem certain outstanding parity bonds for present value savings and pay the cost of issuance.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0380 per share of common stock, payable on November 3, 2025 to shareholders of record at the close of business on October 17, 2025. 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 2025 Term Muni Bond ETF which includes 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 h...
NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD) today announced monthly dividend distributions of $0.06 per common share for the months of October, November, and December 2025. Portfolio and municipal market commentary will be published on or around October 1, 2025 and can be retrieved here.
AM Best has affirmed the Performance Assessment of PA-3 of First Indemnity Insurance Agency, Inc.. The outlook of the assessment is stable. The assessment reflects First Indemnity?s strong underwriting capabilities, strong governance and internal controls, strong financial condition, strong organizational talent and strong depth and breadth of relationships.
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.
Houston Firm Welcomes Franklin Ruben, Advisor Specializing in High Income Municipal Bonds Americana Partners announced today that Franklin Ruben has joined the firm as a Private Wealth Advisor. Based in the firm?s Houston office, Mr. Ruben brings more than 40 years of experience in the financial services industry.
KBRA assigns a long-term rating of K1+ to the San Diego Unified School District: 2025 General Obligation Bonds; 2025 General Obligation Bonds; and, 2025 General Obligation Bonds. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
Rockefeller Asset Management, the asset management division of Rockefeller Capital Management, celebrates the one-year anniversary of its municipal bond ETFs: Rockefeller Opportunistic Municipal Bond ETF, Rockefeller California Municipal Bond ETF, and Rockefeller New York Municipal Bond ETF.
?. Eaton Vance California Municipal Bond Fund (EVM) and Eaton Vance New York Municipal Bond Fund (ENX) announced the results of each Fund?s Annual Meeting of Shareholders held on September 23, 2025. Liquidation. Each Fund plans to direct its transfer agent to close the books on its shares at the close of business on October 24, 2025.
KBRA assigns a long-term rating of AAA with a Stable Outlook to the following Commonwealth of Massachusetts bonds: Concurrently, KBRA affirms the long-term rating of AAA with a Stable Outlook for the Commonwealth's outstanding Commonwealth Transportation Fund Revenue Bonds. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives.
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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