Fitch rates Rvmtp preferreds AA

Fitch Ratings said it assigned an AA long-term rating to the $75 million series W-7 remarketable variable rate munifund term preferred shares issued by BNY Mellon Municipal Bond Infrastructure Fund, Inc.

The AA rating primarily reflects sufficient asset coverage, structural protections, legal and regulatory parameters that govern the fund’s operations and the capabilities of BNY Mellon Investment Adviser Inc. and Mellon Investment Corp., Fitch said.

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