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Fitch rates Pimco preferreds AA
Fitch Ratings said it assigned an AA long-term rating to the $75 million series 2050-B remarketable variable rate munifund term preferred shares issued by Pimco Flexible Municipal Income Fund.
The rating reflects sufficient asset coverage, structural protections, legal and regulatory boundaries that govern fund operations and Pimco’s capabilities as an investment manager, Fitch said.
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