Announcement of Periodic Evaluation: Moody’s announces completion of a periodic overview of scores of Invesco Municipal Chance Trust
World Credit score Exploration – 22 Jan 2021
New York, January 22, 2021 — Moody’s Traders Assistance (“Moody’s”) has completed a periodic overview of the rankings of Invesco Municipal Chance Rely on and other scores that are connected with the very same analytical unit. The evaluate was performed through a portfolio overview dialogue held on 13 January 2021 in which Moody’s reassessed the appropriateness of the rankings in the context of the appropriate principal methodology(ies), latest developments, and a comparison of the monetary and functioning profile to likewise rated friends. The evaluate did not include a rating committee. Since 1 January 2019, Moody’s follow has been to challenge a press release next just about every periodic assessment to announce its completion.
This publication does not announce a credit history ranking action and is not an indicator of regardless of whether or not a credit score rating motion is possible in the around upcoming. Credit rating scores and outlook/assessment status can not be improved in a portfolio evaluation and therefore are not impacted by this announcement. For any credit rating scores referenced in this publication, remember to see the ratings tab on the issuer/entity web site on www.moodys.com for the most up to date credit rating ranking motion information and facts and score history.
Key score issues are summarized underneath.
Invesco Municipal Possibility Trust’s (NYSE: VMO) Aa1 rating reflects the fund’s fantastic danger-adjusted asset coverage ratio and potent potential to service leverage charges from recurring expense earnings. At 30 November 2020, the fund’s hazard-adjusted asset protection stood at the Aaa-ranking amount and its annual fastened demand coverage was somewhere around 18 times web expense revenue. As a municipal countrywide shut-conclusion fund, the fund’s good asset profile is supported by the higher credit score high-quality of its portfolio, good liquidity and offset by the minimal price transparency of the municipal industry.
This document summarizes Moody’s check out as of the publication day and will not be up to date until finally the upcoming periodic evaluation announcement, which will include substance alterations in credit history circumstances (if any) for the duration of the intervening time period.
The principal methodology utilized for this assessment was Shut-End Cash Methodology released in December 2020. Be sure to see the Rating Methodologies page on www.moodys.com for a copy of this methodology.
This announcement applies only to EU rated, British isles rated, EU endorsed and British isles endorsed rankings. Non EU rated, non British isles rated, non EU endorsed and non British isles endorsed rankings may well be referenced previously mentioned to the extent vital, if they are component of the very same analytical unit.
This publication does not announce a credit score rating motion. For any credit ratings referenced in this publication, please see the scores tab on the issuer/entity site on www.moodys.com for the most current credit score score motion data and score heritage.
Rokhaya Cisse, CFA Asst Vice President - Analyst Money Establishments Team Moody's Investors Service, Inc. 250 Greenwich Road New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Marc R. Pinto, CFA MD - Economic Establishments Money Institutions Group JOURNALISTS: 1 212 553 0376 Shopper Company: 1 212 553 1653 Releasing Place of work: Moody's Buyers Company, Inc. 250 Greenwich Avenue New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Customer Support: 1 212 553 1653
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