On September 28, 2022 KBRA assigned a long-term rating of AA+ with a Stable Outlook to the North Slope Borough, Alaska: General Obligation Bonds, Series 2022A; General Obligation Bonds, Series 2022B; and, General Obligation Bonds, Series 2022C. Click here to view the report.
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.
Schwab Asset Management, the asset management arm of The Charles Schwab Corporation (SCHW), today announced the launch of the Schwab Municipal Bond ETF. With an expense ratio of 0.03%, the Schwab Municipal Bond ETF comes to market at a lower cost than comparable funds1.
On September 23, 2022, KBRA assigned the long-term rating of AA+ with a Stable Outlook to the City of New York?s General Obligation Bonds, Fiscal 2023 Series B, Subseries B-1, and Taxable General Obligation Social Bonds, Fiscal 2023 Series B, Subseries B-2. Click here to view the report.
On September 20, 2022, KBRA assigned a long-term rating of AA with a Stable Outlook to the Southeastern Pennsylvania Transportation Authority Revenue Bonds, Series of 2022. Click here to view the report.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Grange Life Insurance Company. The ratings of Grange Life reflect its balance sheet strength, which AM Best assesses as adequate, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
On September 19, KBRA assigned a long-term rating of AA- with a Stable Outlook to the Turnpike Authority of Kentucky Economic Development Road Revenue Bonds 2022 Series B. Concurrently, KBRA affirmed the AA- rating and Stable Outlook on the Authority?s outstanding Economic Development Road Revenue Bonds. Click here to view the report.
Hercules Capital, Inc. (HTGC), the largest and leading specialty financing provider to innovative venture, growth and established stage companies backed by some of the leading and top-tier venture capital and select private equity firms, today announced that Kroll Bond Rating Agency, Inc. has reaffirmed Hercules? investment grade corporate and credit rating of BBB+. KBRA issued a statement announcing ...
On September 8, 2022, KBRA assigned a long-term rating of AAA, with a Stable Outlook to the State of Wisconsin?s General Obligation Refunding Bonds of 2022, Series 3. Concurrently, KBRA affirmed the long-term AAA rating with a Stable Outlook on the outstanding G.O. Bonds; the short-term K1+ rating on the G.O. Commercial Paper Program and G.O. Extendible Municipal Commercial Paper Program; and t...
On September 8, 2022, KBRA assigned a short-term rating of K1+ to the following San Diego Unified School District bonds: KBRA additionally assigned a long-term rating of AAA with a Stable Outlook to the following District bonds: Lastly, KBRA affirmed the long-term rating of AAA and maintained the Stable Outlook for the District?s outstanding KBRA-rated General Obligation Bonds.
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. Taxable Fixed Income Funds Ticker Fund CUSIP BBN. BlackRock Taxable Municipal Bond Trust (BBN). 09248X100. BHK. BlackRock Core Bond Trust (BHK). 09249E101. HYT.
Underwritten by Citigroup, the authorization to issue these bonds to help finance the Louisiana Green Fuels project reflects latest milestone for the world?s lowest carbon footprint liquid fuel plant Strategic Biofuels, the leader in developing negative carbon footprint renewable fuels plants, announced today that the Louisiana Community Development Authority?s Executive Committee voted unanimo...
Municipal Bond Insights is an advanced, nearly real-time data-centric tool designed to drive critical risk assessment and redefine ESG analysis in public finance UrbanFootprint, the leading urban intelligence provider, and Assured Guaranty Ltd. (AGO), a financial services company that is the leading provider of municipal bond insurance and financial guarantees in U.S. and international capital market...
United States Steel Corporation (X) today announced the closing of $290 million unsecured Arkansas Development Finance Authority environmental improvement revenue bonds, which carry a green bond designation. Separately, the Company successfully repurchased approximately $300 million of outstanding debt at a discount to par through a tender offer process completed last week.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on October 3, 2022 to shareholders of record at the close of business on September 20, 2022. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
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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