...May 5, 2023 NEW YORK (S&P Global Ratings) May 5, 2023--S&P Global Ratings raised the long-term rating components on Barclays Capital Inc.'s series 2022-FR/RI-013 tender-option bond trust floater and custodial receipts, related to California Health Facilities Financing Authority's (Sutter Health) series 2017A refunding 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 "Sutter Health, CA Bond Rating Raised To 'A+' On Improved Performance And Sound Balance Sheet," published April 28, 2023, on RatingsDirect.) The long-term rating on the custodial receipts jointly reflects, assuming low correlation, the rating on the underlying security and the credit-enhancement provider. The long-term component of the rating on the floaters reflects the rating on the custodial receipts and addresses full and timely interest-and-principal payments when receiptholders have not...
