...November 28, 2023 NEW YORK (S&P Global Ratings) Nov. 28, 2023--S&P Global Ratings today raised its fund credit quality ratings (FCQRs) and fund volatility ratings (FVRs) on four exchange-traded funds managed by BlackRock Fund Advisors: - iShares iBonds 2024 Term High Yield and Income ETF (Ticker: IBHD) to 'B+f/##' from 'Bf/##' - iShares iBonds Dec 2024 Term Muni Bond ETF (Ticker: IBMM) to '##+f/##+' from 'AAf/##' - iShares iBonds Dec 2024 Term Treasury ETF (Ticker: IBTE) to 'AAAf/##+' from '##+f/##' - iShares iBonds Dec 2024 Term Corporate ETF (Ticker: IBDP) to 'Af/##+' from '###+f/##' We raised the ratings because all four of these exchange-traded funds (ETFs) are term funds that will terminate on or before Dec. 15, 2024. During the year of termination, as bonds mature, cash balances increase and the fund's portfolio credit quality typically improves. IBHD seeks to track the investment results of an index composed of U.S. dollar-denominated, high-yield, and other income-generating corporate...
