Eighteen Tender Option Bond Trust Receipt Ratings Placed On CreditWatch With Negative Implications - S&P Global Ratings’ Credit Research

Eighteen Tender Option Bond Trust Receipt Ratings Placed On CreditWatch With Negative Implications

Eighteen Tender Option Bond Trust Receipt Ratings Placed On CreditWatch With Negative Implications - S&P Global Ratings’ Credit Research
Eighteen Tender Option Bond Trust Receipt Ratings Placed On CreditWatch With Negative Implications
Published Jan 28, 2022
2 pages (1264 words) — Published Jan 28, 2022
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Abstract:

NEW YORK (S&P Global Ratings) Jan. 28, 2022--S&P Global Ratings placed its long-term ratings on 18 tender-option bond trust receipts issued by FMSbonds Inc. and Mesirow Financial Inc., related to various underlying bonds, on CreditWatch with Negative Implications. This rating action follows S&P Global Ratings' placement of its ratings on the underlying bonds on CreditWatch with Negative Implications. (For further information, please see "Providence St. Joseph Health, WA Debt Rating Placed On CreditWatch Negative Due To Separation From Hoag," published Jan. 19, 2021, on RatingsDirect.) The long-term component of the ratings on the floaters and the ratings on the residuals reflect the rating on the underlying bonds as well as S&P Global Ratings' expectation of the likelihood of bondholders receiving

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Ratings Action

Issuer
Providence Saint Joseph Health
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Eighteen Tender Option Bond Trust Receipt Ratings Placed On CreditWatch With Negative Implications" Jan 28, 2022. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Eighteen-Tender-Option-Bond-Trust-Receipt-Ratings-Placed-On-CreditWatch-With-Negative-Implications-2787925>
  
APA:
S&P Global Ratings’ Credit Research. (). Eighteen Tender Option Bond Trust Receipt Ratings Placed On CreditWatch With Negative Implications Jan 28, 2022. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Eighteen-Tender-Option-Bond-Trust-Receipt-Ratings-Placed-On-CreditWatch-With-Negative-Implications-2787925>
  
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