Company: MYI
Filing Date: 2025-09-02
Form Type: N-14 8C/A
Source: 0001193125-25-193985
Chunk: 421

Company: BLACKROCK MUNIYIELD QUALITY FUND III, INC.
Filing Date: 2025-09-02
Form: N-14 8C/A
Chunk 421
---
 over a long period of time. Description of Moody’s Global Long-Term Rating Scale

| Aaa | Obligations rated Aaa are judged to be of the highest quality, subject to the lowest level of credit risk. |

| Aa | Obligations rated Aa are judged to be of high quality and are subject to very low credit risk. |

| A | Obligations rated A are judged to be upper-medium grade and are subject to low credit risk. |

| Baa | Obligations rated Baa are judged to be medium-grade and subject to moderate credit risk and as such may possess 
 certain speculative characteristics.                                                                            |

| Ba | Obligations rated Ba are judged to be speculative and are subject to substantial credit risk. |

| B | Obligations rated B are considered speculative and are subject to high credit risk. |

| Caa | Obligations rated Caa are judged to be speculative of poor standing and are subject to very high credit risk. |

| Ca | Obligations rated Ca are highly speculative and are likely in, or very near, default, with some prospect of 
 recovery of principal and interest.                                                                         |

| C | Obligations rated C are the lowest rated and are typically in default, with little prospect for recovery of 
 principal or interest.                                                                                      |

A-1

Note: Moody’s appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. The modifier 1 indicates that the obligation ranks in the higher end of its generic rating category; the modifier 2 indicates a mid-rangeranking; and the modifier 3 indicates a ranking in the lower end of that generic rating category. Additionally, a “(hyb)” indicator is appended to all ratings of hybrid securities issued by banks, insurers, finance companies, and securities firms. By their terms, hybrid securities allow for the omission of scheduled dividends, interest, or principal payments, which can potentially result in impairment if such an omission occurs. Hybrid securities may also be subject to contractually allowable write-downs of principal that could result in impairment. Together with the hybrid indicator, the long-term obligation rating assigned to a hybrid security is an expression of the relative credit risk associated with that security. Description of Moody’s Global Short-Term Rating Scale

| P-1 | Ratings of Prime-1 reflect a superior ability to repay short-term 
 obligations.                                                      |

| P-2 | Ratings of Prime-2 reflect a strong ability to repay