...February 3, 2021 NEW YORK (S&P Global Ratings) Feb. 3, 2021--S&P Global Ratings today said it assigned fund credit quality ratings (FCQRs) and fund volatility rating (FVRs) to 10 iShares iBonds Term Treasury exchange-traded funds (ETFs) sponsored by BlackRock Inc. (see "Ratings List"). Each iBonds ETF holds a diversified portfolio of U.S. Treasury bonds providing regular interest payments and distributing a final payout upon maturity. The iBonds Term Treasury ETFs seek to track the investment results of an index composed of U.S. Treasury bonds maturing in each ETF's respective maturity year. The ETFs seek to meet their investment objective generally by investing in individual securities that satisfy the criteria of their underlying index based on maturity. The funds may also invest in short-term paper, cash, and cash equivalents, including shares of money market funds advised by BlackRock Fund Advisors (BFA) or its affiliates. We view BFA, the investment manager, as strong. Within our management-scoring...
