Four iShares 2025 Term ETFs Ratings Raised - S&P Global Ratings’ Credit Research

Four iShares 2025 Term ETFs Ratings Raised

Four iShares 2025 Term ETFs Ratings Raised - S&P Global Ratings’ Credit Research
Four iShares 2025 Term ETFs Ratings Raised
Published Dec 03, 2024
3 pages (1824 words) — Published Dec 03, 2024
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Abstract:

LONDON (S&P Global Ratings) Dec. 3, 2024--S&P Global Ratings today said it raised its fund credit quality ratings (FCQRs) and fund volatility ratings (FVRs) on four exchange-traded funds (ETFs) managed by BlackRock Fund Advisors: iShares iBonds 2025 Term High Yield and Income ETF (ticker: IBHE) to 'BB-f/S1' from 'Bf/S2' iShares iBonds Dec 2025 Term Corporate ETF (ticker: IBDQ) to 'Af/S1+' from 'BBB+f/S1' iShares iBonds Dec 2025 Term Muni Bond ETF (ticker: IBMN) to 'AA+f/S1+' from 'AAf/S1' iShares iBonds Dec 2025 Term Treasury ETF (ticker: IBTF) to 'AAAf/S1+' from 'AA+f/S1' We raised the ratings because all four of these ETFs are term funds that will terminate on or before Dec. 15, 2025. During the year of termination, as bonds mature, cash

  
Brief Excerpt:

...December 3, 2024 LONDON (S&P Global Ratings) Dec. 3, 2024--S&P Global Ratings today said it raised its fund credit quality ratings (FCQRs) and fund volatility ratings (FVRs) on four exchange-traded funds (ETFs) managed by BlackRock Fund Advisors: - iShares iBonds 2025 Term High Yield and Income ETF (ticker: IBHE) to '##-f/##' from 'Bf/##' - iShares iBonds Dec 2025 Term Corporate ETF (ticker: IBDQ) to 'Af/##+' from '###+f/##' - iShares iBonds Dec 2025 Term Muni Bond ETF (ticker: IBMN) to '##+f/##+' from 'AAf/##' - iShares iBonds Dec 2025 Term Treasury ETF (ticker: IBTF) to 'AAAf/##+' from '##+f/##' We raised the ratings because all four of these ETFs are term funds that will terminate on or before Dec. 15, 2025. During the year of termination, as bonds mature, cash balances increase and the fund's portfolio credit quality typically improves. IBHE seeks to track the investment results of an index composed of U.S. dollar-denominated, high-yield, and other income-generating corporate bonds...

  
Report Type:

Ratings Action

Issuer
BlackRock Fund Advisors
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Four iShares 2025 Term ETFs Ratings Raised" Dec 03, 2024. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Four-iShares-2025-Term-ETFs-Ratings-Raised-3294107>
  
APA:
S&P Global Ratings’ Credit Research. (). Four iShares 2025 Term ETFs Ratings Raised Dec 03, 2024. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Four-iShares-2025-Term-ETFs-Ratings-Raised-3294107>
  
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