Moody's Investors Service ("Moody's") has downgraded to Aa2 from Aa1 the long-term ratings on the Remarketable Variable Rate Muni Term Preferred (RVMTP) shares issued by BlackRock Municipal 2030 Target Term Trust (BTT). The downgrade of BTT's preferred share ratings was driven by a steady decline in the fund's fixed charge coverage. At 31 October, BTT's annual fixed charge coverage stood at three times net investment income compared to four times for the same period a year ago.
BlackRock Municipal 2030 Target Term Trust -- Moody's downgrades BTT's preferred shares to Aa2
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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Risk Disclaimer
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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