KBRA assigns the long-term rating of AA+ with a Stable Outlook to the Department of Water and Power of the City of Los Angeles Water System Revenue Bonds, 2022 Series C. Concurrently, KBRA affirms the long-term rating of AA+ with a Stable Outlook to the Department of Water and Power of the City of Los Angeles outstanding Water System Revenue Bonds. Click here to view the report.
On May 12, 2022, KBRA assigned the long-term rating of AA+ with a Stable Outlook to the City of New York?s General Obligation Bonds Fiscal 2022 Series D. Additionally, KBRA affirmed the long-term rating of AA+ with a Stable Outlook to the City?s outstanding General Obligation Bonds. Click here to view the report.
On May 11, 2022, KBRA assigned a long-term rating of A+ with a Stable Outlook to the Greater Asheville Regional Airport Authority Airport System Revenue Bonds Series 2022A. Click here to view the report.
On May 9, 2022, KBRA assigned a long-term rating of AAA with a Stable Outlook to the State of Wisconsin?s General Obligation Bonds of 2022, Series A. Concurrently, KBRA affirmed the long-term AAA rating with a Stable Outlook on $6.8 billion of outstanding General Obligation bonds; the short-term K1+ rating on the G.O. Commercial Paper Program and G.O. Extendible Municipal Commercial Paper Progr...
HAMILTON, Bermuda---- Assured Guaranty Ltd. (AGO) announced today its financial results for the three-month period ended March 31, 2022. ?The first quarter of 2022 was a turning point for Assured Guaranty.
KBRA assigns a long-term rating of AA+ with a Positive Outlook to the General Purpose Refunding and Improvement Bonds, Series 2022 and General Purpose Refunding Bonds Taxable Series 2022 to be issued by the City of Fort Worth.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0530 per share of common stock, payable on June 1, 2022 to shareholders of record at the close of business on May 18, 2022. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
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.
SAN JUAN, Puerto Rico---- First BanCorp., the bank holding company for FirstBank Puerto Rico, today reported net income of $82.6 million, or $0.41 per diluted share, for the first quarter of 2022, compared to $73.6 million, or $0.35 per diluted share, for the fourth quarter of 2021, and $61.2 million, or $0.28 per diluted share, for the first quarter of 2021.
Firm?s portfolio managers to offer latest insights on municipal bond and broader fixed income markets and provide updates on Putnam closed-end funds Putnam Investments announced today that it will hold a webcast on Tuesday, May 3 at 1 p.m. ET for the following Putnam closed-end fund strategies: During the webcast, portfolio manager Paul M. Drury will provide updates on the municipal bond market...
Proceeds of Tax-Exempt Green Bonds Will Fund Transmission Grid Modernization Projects and Support for Distribution of Renewable Power. Assured Guaranty Municipal Corp.* announced that it has insured all $608.3 million of tax-exempt Green Transmission Project Revenue Bonds issued by the Power Authority of the State of New York on April 21.
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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