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iShares iBonds Dec 2024 Term Muni Bond ETF Assigned 'AA-f/S3' Ratings

Published Mar 22, 2018

5 pages (2093 words) — Published Mar 22, 2018

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Abstract:

NEW YORK (S&P Global Ratings) March 22, 2018--S&P Global Ratings today said it assigned its 'AA-f' fund credit quality rating (FCQR) and 'S3' fund volatility rating (FVR) on the iShares iBonds Dec 2024 Term Muni Bond ETF. Given the fund is new and expected to launch soon, we have assessed the fund's respective index portfolio to determine the fund credit quality. The 'AA-f' FCQR signifies that the credit quality of the fund's portfolio exposure is very strong. The iShares iBonds Dec 2024 Term Muni Bond ETF seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds maturing after Dec. 31, 2023, and before Dec. 2, 2024. The fund seeks to meet its investment objective generally

Brief Excerpt:

...NEW YORK (S&P Global Ratings) March 22, 2018--S&P Global Ratings today said it assigned its '##-f' fund credit quality rating (FCQR) and '##' fund volatility rating (FVR) on the iShares iBonds Dec 2024 Term Muni Bond ETF. Given the fund is new and expected to launch soon, we have assessed the fund's respective index portfolio to determine the fund credit quality. The '##-f' FCQR signifies that the credit quality of the fund's portfolio exposure is very strong. The iShares iBonds Dec 2024 Term Muni Bond ETF seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds maturing after Dec. 31, 2023, and before Dec. 2, 2024. The fund seeks to meet its investment objective generally by investing in individual securities that satisfy the criteria of the S&P AMT-Free Municipal Series Dec 2024 Index, which measures the performance of investment-grade (as determined by S&P Dow Jones Indices LLC), noncallable U.S. municipal bonds maturing in 2024. The underlying...

Report Type:

Ratings Action

Issuer

BlackRock Fund Advisors

Sector

Global Issuers

Country

United States

Region

United States

Format:

PDF

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MLA:	S&P Global Ratings’ Credit Research. "iShares iBonds Dec 2024 Term Muni Bond ETF Assigned 'AA-f/S3' Ratings" Mar 22, 2018. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/iShares-iBonds-Dec-2024-Term-Muni-Bond-ETF-Assigned-AA-f-S3-Ratings-2011064>

APA:	S&P Global Ratings’ Credit Research. (). iShares iBonds Dec 2024 Term Muni Bond ETF Assigned 'AA-f/S3' Ratings Mar 22, 2018. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/iShares-iBonds-Dec-2024-Term-Muni-Bond-ETF-Assigned-AA-f-S3-Ratings-2011064>

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