...November 16, 2022 NEW YORK (S&P Global Ratings) Nov. 16, 2022--S&P Global Ratings raised its ratings on Barclays Capital Inc.'s series 2018-XL0088 tender-option-bond trust floater and custodial receipts, related to Broward County Fla.'s series ser 2017 airport system revenue bonds, to '##+/A-1' and '##+' from '##/A-1' and '##', respectively. This rating action follows S&P Global Ratings' action on the underlying bonds. (For further information, see "Fort Lauderdale-Hollywood International Airport, FL Debt Rating Raised To 'A+' On Passenger Activity Recovery," published Oct. 31, 2022, 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 exercised the put option. The short-term...
