Company: MYI
Filing Date: 2025-07-16
Form Type: N-14 8C
Source: 0001193125-25-159991
Chunk: 427

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-07-16
Form: N-14 8C
Chunk 427
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 strong.          |

| A | An obligation rated ‘A’ is somewhat more susceptible to the adverse effects of changes in                                                                                               
 circumstances and economic conditions than obligations in higher-rated categories. However, the obligor’s capacity to meet its financial commitments on the obligation is still strong. |

| BBB | An obligation rated ‘BBB’ exhibits adequate protection parameters. However, adverse economic                                               
 conditions or changing circumstances are more likely to weaken the obligor’s capacity to meet its financial commitments on the obligation. |

| BB, B, CCC, CC, and C | Obligations rated ‘BB’, ‘B’, ‘CCC’, ‘CC’, and ‘C’ are                                                                                                                                                                             
 regarded as having significant speculative characteristics. ‘BB’ indicates the least degree of speculation and ‘C’ the highest. While such obligations will likely have some quality and protective characteristics, these may be 
 outweighed by large uncertainties or major exposure to adverse conditions.                                                                                                                                                        |

| BB | An obligation rated ‘BB’ is less vulnerable to nonpayment than other speculative issues. However, it                                                                                                           
 faces major ongoing uncertainties or exposure to adverse business, financial, or economic conditions that could lead to the obligor’s inadequate capacity to meet its financial commitments on the obligation. |

| B | An obligation rated ‘B’ is more vulnerable to nonpayment than obligations rated ‘BB’, but                                                                                                                                                         
 the obligor currently has the capacity to meet its financial commitments on the obligation. Adverse business, financial, or economic conditions will likely impair the obligor’s capacity or willingness to meet its financial commitments on the 
 obligation.                                                                                                                                                                                                                                       |

| CCC | An obligation rated ‘CCC’ is currently vulnerable to nonpayment and is dependent upon favorable                                                                                                                                                   
 business, financial, and economic conditions for the obligor to meet its financial commitments on the obligation. In the event of adverse business, financial, or economic conditions, the obligor is not likely to have the capacity to meet its 
 financial commitments on the obligation.                                                                                                                                                                                                          |

| CC | An obligation rated ‘CC’ is currently highly vulnerable to nonpayment. The ‘CC’ rating is                                                  
 used when a default has not yet occurred but S&P expects default to be a virtual certainty, regardless of the anticipated time to default. |

| C | An obligation rated ‘C’ is currently highly vulnerable to nonpayment, and the obligation is expected         
 to have lower relative seniority or lower ultimate recovery compared with obligations that are rated higher. |

| D |