Moody's affirms Western Asset Closed-End Funds' Preferred Share Ratings
Moody's Investors Service (Moody's) has assigned an Aa1 long-term and P-1 short-term rating to variable rate demand preferred shares (VRDPS) issued by Western Asset Managed Municipals Fund Inc. (NYSE: MMU) in connection with its merger with Western Asset Municipal Partners Fund Inc. (NYSE: MNP). Moo...
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.
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