iShares U.S. Preferred Stock ETF Fund Credit Quality Rating Raised To 'Bf' - S&P Global Ratings’ Credit Research

iShares U.S. Preferred Stock ETF Fund Credit Quality Rating Raised To 'Bf'

iShares U.S. Preferred Stock ETF Fund Credit Quality Rating Raised To 'Bf' - S&P Global Ratings’ Credit Research
iShares U.S. Preferred Stock ETF Fund Credit Quality Rating Raised To 'Bf'
Published Jan 09, 2017
Published Jan 09, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Jan. 9, 2017--S&P Global Ratings said today it corrected its fund credit quality rating on the iShares U.S. Preferred Stock ETF by raising it to 'Bf' from 'B-f'. Due to a credit estimation error, we initially rated the fund 'B-f'. The fund volatility rating for the fund remains unchanged at 'S3'. The fund does not limit investment to securities specifically rated by S&P Global Ratings or other nationally recognized statistical rating organizations. At the time of the initial rating on Oct. 20, 2016, over 14% of the portfolio either did not carry a preferred stock rating or the issuer was not rated at all. These exposures were therefore subject to credit estimation for the purposes

  
Report Type:

Ratings Action

Issuer
BlackRock Fund Advisors
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "iShares U.S. Preferred Stock ETF Fund Credit Quality Rating Raised To 'Bf'" Jan 09, 2017. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/iShares-U-S-Preferred-Stock-ETF-Fund-Credit-Quality-Rating-Raised-To-Bf-1781678>
  
APA:
S&P Global Ratings’ Credit Research. (). iShares U.S. Preferred Stock ETF Fund Credit Quality Rating Raised To 'Bf' Jan 09, 2017. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/iShares-U-S-Preferred-Stock-ETF-Fund-Credit-Quality-Rating-Raised-To-Bf-1781678>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.