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  1. KBRA Assigns AA+ Rating, Stable Outlook to LADWP Water System Revenue Bonds, 2022 Series C
    Business Wire | 05/19/22 01:48 PM EDT

    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.

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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