iShares USD Green Bond ETF 'A-f' Rating Affirmed, Fund Volatility Rating Lowered To 'S3'; Ratings Off CreditWatch - S&P Global Ratings’ Credit Research

iShares USD Green Bond ETF 'A-f' Rating Affirmed, Fund Volatility Rating Lowered To 'S3'; Ratings Off CreditWatch

iShares USD Green Bond ETF 'A-f' Rating Affirmed, Fund Volatility Rating Lowered To 'S3'; Ratings Off CreditWatch - S&P Global Ratings’ Credit Research
iShares USD Green Bond ETF 'A-f' Rating Affirmed, Fund Volatility Rating Lowered To 'S3'; Ratings Off CreditWatch
Published May 25, 2022
3 pages (1849 words) — Published May 25, 2022
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) May 25, 2022--S&P Global Ratings today said it affirmed its 'A-f' fund credit quality rating (FCQR) on the iShares USD Green Bond ETF (BGRN) and lowered the fund volatility rating (FVR) to 'S3' from 'S2'. We removed the ratings from CreditWatch developing. We had placed the ratings on CreditWatch with developing implications in February pending the change of the underlying index of the fund from a global green bond index to a USD green bond. The CreditWatch developing reflected our view that the FCQR and FVR could change given the amended investment objective. The change to the underlying index took effect on March 1, and at that time, the fund name was changed from iShares

  
Brief Excerpt:

...May 25, 2022 NEW YORK (S&P Global Ratings) May 25, 2022--S&P Global Ratings today said it affirmed its 'A-f' fund credit quality rating (FCQR) on the iShares USD Green Bond ETF (BGRN) and lowered the fund volatility rating (FVR) to '##' from '##'. We removed the ratings from CreditWatch developing. We had placed the ratings on CreditWatch with developing implications in February pending the change of the underlying index of the fund from a global green bond index to a USD green bond. The CreditWatch developing reflected our view that the FCQR and FVR could change given the amended investment objective. The change to the underlying index took effect on March 1, and at that time, the fund name was changed from iShares Global Green Bond ETF to iShares USD Green Bond ETF. We have reviewed the changes to the investment portfolio given the amended investment objective and have affirmed the 'A-f' FCQR. For the FCQR, we first determined a preliminary FCQR through our quantitative assessment of...

  
Report Type:

Ratings Action

Issuer
BlackRock Fund Advisors
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "iShares USD Green Bond ETF 'A-f' Rating Affirmed, Fund Volatility Rating Lowered To 'S3'; Ratings Off CreditWatch" May 25, 2022. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/iShares-USD-Green-Bond-ETF-A-f-Rating-Affirmed-Fund-Volatility-Rating-Lowered-To-S3-Ratings-Off-CreditWatch-2844879>
  
APA:
S&P Global Ratings’ Credit Research. (). iShares USD Green Bond ETF 'A-f' Rating Affirmed, Fund Volatility Rating Lowered To 'S3'; Ratings Off CreditWatch May 25, 2022. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/iShares-USD-Green-Bond-ETF-A-f-Rating-Affirmed-Fund-Volatility-Rating-Lowered-To-S3-Ratings-Off-CreditWatch-2844879>
  
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