Moody's Ratings assigns P-1 rating to preferred shares issued by BlackRock New York Municipal Income Trust
Moody's Ratings (Moody's) has assigned P-1 short-term ratings to the Variable Rate Demand Preferred Shares (VRDP Shares) issued by the BlackRock New York Municipal Income Trust (NYSE: BNY). We also affirmed the long-term ratings at Aa2 for the VRDP Shares. The outlook is stable. RATINGS RATIONALE ...
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
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76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
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