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BlackRock Credit Allocation Income Trust: Upgrade to Fair Value
ByAinvest
Saturday, Apr 12, 2025 12:03 am ET1min read
The BlackRock Credit Allocation Income Trust (BTZ) has been upgraded to fair value from a sell rating. The fund focuses on investment-grade debt, mostly corporate bonds. We highlighted BTZ's high yield and relatively low expense ratio in our previous article. However, we assigned a sell rating due to its high leverage and low distribution coverage. Despite this, BTZ's strong credit quality and high yield make it a viable investment option for those seeking income.
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