KBRA assigns a long-term rating of AA+ to the State of Connecticut: General Obligation Bonds; General Obligation Bonds; and General Obligation 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 rating and relevant documents, click here.
KBRA has assigned a long-term rating of AAA to the Los Angeles Unified School District General Obligation Bonds, Series QRR. 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 rating and relevant documents, click here.
KBRA has assigned a long-term rating of AA, with a Stable Outlook, to Jacksonville Transportation Authority Senior Lien Local Option Gas Tax Refunding Revenue Bonds, Series 2024 and Senior Lien Local Option Gas Tax Refunding Revenue Bonds, Series 2025. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives. Credit Challenges.
Actively managed fund combines three sources of potential return: muni bond coupons, active muni bond trading & option-writing income Simplify Asset Management, an innovative provider of Exchange Traded Funds, is today adding a distinct actively managed municipal bond ETF to its growing lineup of income-focused strategies with the launch of the Simplify National Muni Bond ETF.
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 Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on October 1, 2024 to shareholders of record at the close of business on September 19, 2024. The Fund intends to make regular monthly distributions to its common shareholders at a level rate based on its projected performance.
Today, Bank of Hawai?i announces that it has become the fund sponsor for Hawaiian Tax-Free Trust, taking over from New York-based Aquila Management Corporation, founder and sponsor of the Aquila? Group of Funds, Aquila Investment Management LLC and Aquila Distributors LLC, which recently announced its intention to discontinue providing administrative/business management and distribution service...
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), 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.
KBRA assigns a short-term rating of K1+ to the San Diego Unified School District: 2024 General Obligation Bonds; 2024 General Obligation Bonds; and, 2024 General Obligation Bonds. KBRA additionally assigns a long-term rating of AAA to the District's: 2024 General Obligation Bonds; 2024 General Obligation Bonds; 2024 General Obligation Bonds; and, 2024 General Obligation Bonds.
AM Best has downgraded the Long-Term Issuer Credit Rating to ?bbb? from ?bbb+? and affirmed the Financial Strength Rating of B++ of Alabama Municipal Insurance Corporation. These Credit Ratings reflect AMIC?s balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
KBRA assigns an A+ rating, with a Stable Outlook to General Airport Senior Lien Revenue Bonds, Series 2024A and Series 2024B issued by the City of Chicago on behalf of Chicago O'Hare International Airport.
IBKR Adds Significant Liquidity and Trading Hours for Global Corporate and Sovereign Bonds Interactive Brokers (IBKR), an automated global electronic broker, today announced significant enhancements to its global bond offering available through the IBKR Bond Marketplace.
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 ...
BlackRock (BLK) announced today the planned termination of the iShares? iBonds? Oct 2024 Term TIPS ETF, which possesses 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 hig...
KBRA assigns a long-term rating of AA+ to the City of New York, NY General Obligation Bonds, Fiscal 2025 Series C, consisting of Tax-Exempt Bonds, Subseries C-1 and Taxable Bonds, Subseries C-2. Concurrently, KBRA affirms the AA+ rating and Stable Outlook on the City's outstanding General Obligation Bonds.
Rockefeller Asset Management, the asset management arm of Rockefeller Capital Management, today announced its expansion into opportunistic municipals, including high yield municipal investments, with the launch of three actively managed exchange traded funds.
KBRA assigns a long-term AA rating, with a Stable Outlook to the Joint Revenue Refunding and Improvement Bonds Series 2024 issued by the Cities of Dallas and Fort Worth, TX on behalf of Dallas/Fort Worth International Airport. Credit Positives. Credit Challenges.
KBRA assigns a long-term rating of BBB+ to the Casino Reinvestment Development Authority Luxury Tax Revenue Bonds, Series 2024A and Luxury Tax Revenue Bonds, Series 2024B. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
KBRA assigns a long-term rating of AA to the Triborough Bridge and Tunnel Authority General Revenue Bonds, Series 2024A, consisting of General Revenue Bonds, Subseries 2024A-1 and General Revenue Refunding Bonds, Subseries 2024A-2. Concurrently, KBRA affirms the AA rating on outstanding TBTA General Revenue Bonds, and affirms the AA- rating on TBTA Subordinate Revenue Bonds.
?. HAMILTON, Bermuda---- Assured Guaranty Ltd. (AGO) announced today its financial results for the three-month period ended June 30, 2024. ?We have laid the foundation for an exceptional year in new business production.
KBRA assigns a long-term rating of A+, with a Stable Outlook to Airport Revenue Bonds, Series 2024A and Series 2024B to be issued by the Reno-Tahoe Airport Authority, NV. The Authority owns, operates and manages the Reno-Tahoe International Airport and a small general aviation airport, both of which comprise the Airport System. Key Credit Considerations Credit Positives. Credit Challenges.
KBRA assigns a long-term rating of AA- to the Pennsylvania Turnpike Commission Turnpike Revenue Refunding Bonds, First Series of 2024. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access rating and relevant documents, click here.
Connectivity to provide access to deeper liquidity in the fixed income markets ICE Bonds, part of Intercontinental Exchange (ICE), a leading global provider of technology and data, and MarketAxess Holdings Inc. (MKTX), the operator of leading electronic trading platforms for fixed-income securities, today announced plans to connect their respective liquidity networks to bring greater efficiency and access t...
Assured Guaranty Ltd. (AGO) announced today that S&P Global Ratings, Kroll Bond Rating Agency and Moody?s Ratings have indicated that they see no change to Assured Guaranty?s financial strength as a result of the August 1, 2024 merger of Assured Guaranty Municipal Corp. into Assured Guaranty Inc.. S&P S&P, which assigns a AA financial strength rating to AG, released a report on August 1, 2024, statin...
Strong Investor Demand for $120,000,000 Class A Certificates Preston Hollow Community Capital, a provider of specialized impact financing solutions for projects of social and economic importance to local communities, announces the July 25, 2024 pricing and August 1, 2024 closing of a $180.45 million Tax-Exempt Pooled Securities financing through the Public Finance Authority.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on September 3, 2024 to shareholders of record at the close of business on August 19, 2024. 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 with a Stable Outlook to the State of Louisiana General Obligation Refunding Bonds, Series 2024-C, Series 2024-D, Series 2024-E, and Series 2025-A. Concurrently, KBRA affirms the AA long-term rating and Stable Outlook on parity General Obligation bonds outstanding.
The following Eaton Vance closed-end funds announced distributions today as detailed below. Declaration ? 8/1/2024 Ex-Date ? 8/22/2024 Record ? 8/22/2024 Payable ? 8/30/2024. ?. Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price ? 7/31/24 Distribution Rate at Market Price Eaton Vance California Municipal Bond Fund. EVM.
KBRA assigns a long-term rating of AA to the Hillsborough County Aviation Authority, FL Tampa International Airport Revenue Bonds, 2024 Series B. KBRA additionally affirms the long-term ratings of AA for the Authority's outstanding Tampa International Airport Revenue Bonds and the long-term rating of AA- for the Authority's outstanding Tampa International Airport Subordinated Revenue Bonds.
BNY Mellon Investment Adviser, Inc. announced today that BNY Mellon Municipal Income, Inc. (DMF), 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 the Fund, is part of BNY Investments.
Successful $2.46 Billion Offering Saves New York City $263 Million in High-Cost Debt Service Samuel A. Ramirez & Co., Inc., led the ground-breaking $2.46 billion sale of future tax secured subordinate bonds for the New York City Transitional Finance Authority. This was Ramirez?s largest municipal bond issuance as lead manager.
KBRA assigns a long-term rating of AA-, with a Stable Outlook, to the El Paso County Hospital District, TX General Obligation Refunding Bonds, Series 2024. To access rating and relevant documents, click here. Click here to view the report.
KBRA assigns a long-term rating of A to the City of Chicago General Obligation Bonds, Series 2024A. Concurrently, KBRA affirms the long-term rating of A on the City of Chicago?s outstanding General Obligation Bonds and revises the Outlook to Stable from Positive.
KBRA assigns a long-term rating of AA to the State of Alaska General Obligation Refunding Bonds, Series 2024B and General Obligation Refunding Bonds, Series 2025A. The Stable Outlook reflects the expectation that Alaska will continue to meet ongoing budgetary requirements with measured recurring utilization of APF-ERA transfers resulting in the continuing maintenance of very strong reserves.
KBRA assigns a long-term rating of AAA to The County of Cook, Illinois Sales Tax Revenue Bonds, Series 2024. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade. To access rating and relevant documents, click here.
KBRA assigns long-term ratings of AA+ with a Stable Outlook to The City of New York's General Obligation Bonds, Fiscal 2025 Series A and Fiscal 2025 Series B. Concurrently, KBRA affirms the AA+ rating and Stable Outlook on the City's outstanding General Obligation Bonds. Key Credit Considerations The rating was assigned because of the following key credit considerations: Credit Positives.
KBRA assigns a long-term rating of AA+, with a Stable Outlook to the City of Atlanta, GA Airport General Revenue Bonds, Series 2024A-1, Series 2024A-2 and Series 2024B.
KBRA assigns a AAA rating, with a Stable Outlook to the State of Wisconsin's General Obligation Refunding Bonds of 2024, Series 2 and G.O. Refunding Bonds of 2025, Series 2. Proceeds will current refund certain outstanding G.O. Bonds, including through the purchase of tendered bonds, and fund G.O. floating rate notes previously issued by the State for general governmental purposes.
The AAA long-term rating for the City of Dublin, Ohio?s General Obligation Various Purpose Improvement and Refunding Bonds, Series 2024 reflects the City?s diverse and growing tax base, characterized by strong wealth and employment levels, conservative City budgeting and financial management practices, with ample liquidity and manageable long-term liabilities.
KBRA assigns a long-term rating of AA to the County of Erie, NY General Obligation Public Improvement Serial Bonds, Series 2024A and General Obligation Public Improvement Serial Bonds, Series 2024B. Key Credit Considerations The rating actions reflect the following key credit considerations: Credit Positives. Credit Challenges. Rating Sensitivities For Upgrade. For Downgrade.
Eaton Vance Municipal Bond Fund (EIM) announced that, in connection with the recent close of the Fund?s cash tender offer on July 9, 2024, the Fund has commenced a four-month measurement period, beginning July 9, 2024 through November 8, 2024, whereby if, during such period, the Fund?s common shares trade at an average discount to net asset value of more than 7.5%, the Fund will conduct a tender offe...
Eaton Vance Municipal Bond Fund (EIM) announced today the final results of the Fund?s cash tender offer for the following amount of its outstanding common shares. The final results of the Tender Offer based on a count by Equiniti Trust Company, LLC, the depositary for the Tender Offer, are provided in the table below.
Eaton Vance Municipal Bond Fund (EIM) announced today the preliminary results of the Fund?s cash tender offer for up to 20% of its outstanding common shares that expired at 5:00 p.m. Eastern Time on July 9, 2024.
KBRA assigns a long-term rating of AAA with a Stable outlook to the Dormitory Authority of the State of New York State Sales Tax 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. To access rating and relevant documents, click here.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB) today announced a distribution of $0.0300 per share of common stock, payable on August 1, 2024 to shareholders of record at the close of business on July 18, 2024. 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 State of Connecticut General Obligation 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 rating and relevant documents, click here.
The Securities and Exchange Commission, Municipal Securities Rulemaking Board and FINRA announced today that registration is now open for both in-person and virtual attendance of their Compliance Outreach Program for municipal market professionals.
New fixed income ETFs build on success of $7B PGIM Ultra Short Bond ETF and PGIM?s existing retail municipal bond strategies1 PGIM,2 the $1.34 trillion global investment management business of Prudential Financial, Inc. (PRU), has launched two new actively managed exchange-traded funds ? the PGIM Ultra Short Municipal Bond ETF and the PGIM Municipal Income Opportunities ETF ? on the NYSE Arca.
KBRA assigns its BBB- ratings to JFK NTO LLC?s $2.55 billion special facilities revenue bonds and affirms the existing ratings associated with JFK NTO LLC?s senior secured facilities for Phase A of the Terminal One redevelopment project, also called New Terminal One, at New York?s John F. Kennedy International Airport.
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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