News Results

  1. KBRA Assigns AAA Rating to Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds Series 2024A (Green Bonds) and Refunding Series 2024B (Green Bonds); Affirms Rating for Parity Bonds
    Business Wire | 04/16/24 01:08 PM EDT

    KBRA assigns a long-term rating of AAA to the Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds, Series 2024A and Sales Tax Revenue Bonds, Refunding Series 2024B. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.

  2. KBRA Assigns AAA Rating to the Los Angeles Unified School District 2024 General Obligation Refunding Bonds, Series A (Dedicated Unlimited Ad Valorem Property Tax Bonds); the Outlook is Stable
    Business Wire | 04/15/24 06:33 PM EDT

    KBRA assigns a long-term rating of AAA to the Los Angeles Unified School District 2024 General Obligation Refunding Bonds, Series A. Concurrently, KBRA affirms the AAA rating on the District's outstanding parity General Obligation Bonds. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges.

  3. KBRA Assigns AAA Rating to Various San Diego Unified School District 2024 General Obligation Refunding Bonds; Affirms Rating for Parity Bonds
    Business Wire | 04/12/24 03:12 PM EDT

    KBRA assigns a long-term rating of AAA to the San Diego Unified School District: 2024 General Obligation Refunding Bonds; 2024 General Obligation Refunding Bonds; 2024 General Obligation Refunding Bonds; 2024 General Obligation Refunding Bonds; 2024 General Obligation Refunding Bonds; and, 2024 General Obligation Refunding Bonds.

  4. Easterly Asset Management Expands Tax-Efficient Solutions with Acquisition of Former Invesco and OppenheimerFunds Rochester Municipal Bond Team
    Business Wire | 04/11/24 08:30 AM EDT

    Easterly Asset Management, a multi-affiliate asset manager of high-performing boutique investment teams, today announced an agreement to acquire the Municipal Bond team, formerly of Invesco and OppenheimerFunds Rochester, from Principal Street Partners.

  5. BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Distribution
    Business Wire | 04/02/24 05:08 PM EDT

    BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on May 1, 2024 to shareholders of record at the close of business on April 17, 2024. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.

  6. KBRA Assigns AAA Rating to Oregon State Lottery Revenue Bonds, 2024 Series A - D; Affirms Rating for Parity Bonds
    Business Wire | 04/01/24 01:36 PM EDT

    KBRA assigns a long-term rating of AAA to the State of Oregon Department of Administrative Services: Oregon State Lottery Revenue Bonds, 2024 Series A; Oregon State Lottery Revenue Bonds, 2024 Series B; Oregon State Lottery Revenue Bonds, 2024 Series C; and, Oregon State Lottery Revenue Bonds, 2024 Series D. KBRA additionally affirms the long-term rating of AAA for parity Oregon State Lottery R...

  7. KBRA Assigns Long-Term Ratings of AA to Three Series of Chicago Park District General Obligation Bonds; Outlook is Positive
    Business Wire | 03/28/24 07:03 PM EDT

    KBRA assigns a long-term rating of AA with a Positive Outlook to the Chicago Park District General Obligation Limited Tax Park Bonds Series 2024A; General Obligation Limited Tax Refunding Bonds, Series 2024B; and General Obligation Unlimited Tax Bonds, Series 2024E. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges.

  8. BNY Mellon Municipal Bond Closed-End Funds Declare Distributions
    Business Wire | 03/27/24 04:12 PM EDT

    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.

  9. KBRA Assigns AA Rating to the State of Florida State Board of Administration Finance Corporation Revenue Bonds, Series 2024A; Outlook is Stable
    Business Wire | 03/22/24 05:11 PM EDT

    KBRA has assigned a long-term rating of AA with a Stable Outlook to the State of Florida State Board of Administration Finance Corporation Revenue Bonds, Series 2024A. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.

  10. KBRA Assigns AAA Rating to Austin Independent School District's Unlimited Tax School Building Bonds, Series 2024 (PSF); Affirms Ratings for Outstanding Debt; Outlook is Stable
    Business Wire | 03/21/24 06:15 PM EDT

    KBRA assigns a AAA long-term rating with a Stable Outlook to Austin Independent School District?s Unlimited Tax School Building Bonds, Series 2024, and concurrently affirms the AAA rating and Stable Outlook for the District?s KBRA-rated Unlimited Tax School Bonds and Unlimited Tax School Bonds outstanding.

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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