Moody's Investors Service ("Moody's") has downgraded to Aa2 from Aa1 the long-term ratings on the Remarketable Variable Rate Muni Term Preferred (RVMTP) shares issued by BlackRock Municipal 2030 Target Term Trust (BTT). The downgrade of BTT's preferred share ratings was driven by a steady decline in the fund's fixed charge coverage. At 31 October, BTT's annual fixed charge coverage stood at three times net investment income compared to four times for the same period a year ago.

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BlackRock Municipal 2030 Target Term Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

* Vietnam index marks best week since April 10 * Ayala Land biggest loser in Philippines * Singapore Airlines sees FY net loss By Pranav A K May 8 (Reuters) - Vietnamese stocks jumped 2% on Friday on news that the Southeast Asian country was on course to revive its economy much sooner than most others, while Philippines was weighed down by telecom companies. Industrial companies Saigon Machinery Spare Parts and Ben Thanh Trading & Service jumped about 7% each and led gains in the benchmark. Singapore shares reversed early gains to end nearly flat after index heavyweights, Oversea-Chinese Banking Corp and Singapore Airlines, reported dismal results.

States and localities’ budget deficits have soared due to the coronavirus crisis. Yields on municipal debt are far higher than usual.