Barclays Capital Inc. 2022-XX1247 Receipt Ratings Lowered To 'A+/A-1', 'A+' - S&P Global Ratings’ Credit Research

Barclays Capital Inc. 2022-XX1247 Receipt Ratings Lowered To 'A+/A-1', 'A+'

Barclays Capital Inc. 2022-XX1247 Receipt Ratings Lowered To 'A+/A-1', 'A+' - S&P Global Ratings’ Credit Research
Barclays Capital Inc. 2022-XX1247 Receipt Ratings Lowered To 'A+/A-1', 'A+'
Published Mar 26, 2024
2 pages (1198 words) — Published Mar 26, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) March 26, 2024--S&P Global Ratings lowered the long-term rating components on Barclays Capital Inc.'s series 2022-XX1247 tender-option-bond trust floater and custodial receipts, related to Hamilton County, Ohio's (UC Health) series 2020 hospital facilities revenue bonds, to 'A+/A-1' and 'A+' from 'AA-/A-1' and 'AA-', respectively. This rating action follows S&P Global Ratings' action on the underlying bonds. (For further information, see "UC Health, OH Issuer Credit Rating And Revenue Bond Rating Lowered Two Notches To 'BBB-' On Reserves And Cash," published March 19, 2024, on RatingsDirect.) The long-term rating on the custody receipts jointly reflects, assuming low correlation, the ratings on the underlying securities and the credit-enhancement provider. The long-term component of the ratings on the

  
Brief Excerpt:

...March 26, 2024 NEW YORK (S&P Global Ratings) March 26, 2024--S&P Global Ratings lowered the long-term rating components on Barclays Capital Inc.'s series 2022-XX1247 tender-option-bond trust floater and custodial receipts, related to Hamilton County, Ohio's (UC Health) series 2020 hospital facilities revenue bonds, to 'A+/A-1' and 'A+' from '##-/A-1' and '##-', respectively. This rating action follows S&P Global Ratings' action on the underlying bonds. (For further information, see "UC Health, OH Issuer Credit Rating And Revenue Bond Rating Lowered Two Notches To '###-' On Reserves And Cash," published March 19, 2024, on RatingsDirect.) The long-term rating on the custody receipts jointly reflects, assuming low correlation, the ratings on the underlying securities and the credit-enhancement provider. The long-term component of the ratings on the floaters reflects the rating on the custodial receipts and addresses full and timely interest-and-principal payments when receiptholders have not...

  
Report Type:

Ratings Action

Issuer
Hamilton County
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Barclays Capital Inc. 2022-XX1247 Receipt Ratings Lowered To 'A+/A-1', 'A+'" Mar 26, 2024. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Barclays-Capital-Inc-2022-XX1247-Receipt-Ratings-Lowered-To-A-A-1-A-3144684>
  
APA:
S&P Global Ratings’ Credit Research. (). Barclays Capital Inc. 2022-XX1247 Receipt Ratings Lowered To 'A+/A-1', 'A+' Mar 26, 2024. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Barclays-Capital-Inc-2022-XX1247-Receipt-Ratings-Lowered-To-A-A-1-A-3144684>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.