NEW YORK (Standard&Poor's) July 12, 2012--Standard&Poor's Ratings Services today said it lowered its fund credit quality rating on iShares Emerging Markets Local Currency Bond Fund to 'BBB-f' from 'BBBf' and its rating on iShares Floating Rate Note Fund to 'Af' from 'A+f'. The volatility ratings remain unchanged at 'S4'and 'S1', respectively. BlackRock Fund Advisors (BFA) is the investment adviser for both funds. We lowered the credit quality rating on iShares Emerging Markets Local Currency Bond Fund because the fund has exposure to Hungary, which we recently downgraded to 'BB+' from 'BBB-' and to Arab Republic of Egypt bonds, which we downgraded to 'B' from 'BB-' over the past few months. The downgrade of these two sovereigns
