Home Credit Ratings and Research S&P Global Ratings’ Credit Research Colorado Springs

FMSbonds Inc. Series 2015-XF0223 Tender-Option-Bond Trust Receipts Ratings Raised To 'AA+/A-1+' And 'AA+'

Published Jun 13, 2019

3 pages (1306 words) — Published Jun 13, 2019

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

NEW YORK (S&P Global Ratings) June 13, 2019--S&P Global Ratings raised its long-term rating component on FMSbonds Inc.' series 2015-XF0223 tender-option-bond trust puttable floating-rate receipts (floaters) and inverse-floating-rate receipts (residuals) to 'AA+/A-1+' and 'AA+' from 'AA/A-1+' and 'AA' (please see the table). This rating action follows S&P Global Ratings' raising of the underlying bond rating. (For more information, please see the article, titled "Colorado Springs' Utility System Revenue Bonds Upgraded To 'AA+' From 'AA' On Criteria Application," published May 28, 2019, on RatingsDirect.) The long-term component of the ratings on the floaters and the rating on the residuals reflect the rating on the underlying bonds and S&P Global Ratings' expectation of the likelihood of bondholders receiving interest and principal payments

Brief Excerpt:

...Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors,...

Report Type:

Ratings Action

Issuer

Colorado Springs

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

PDF

Summary: Colorado Springs, Colorado; Combined Utility – 2019/09/12 – US$ 225.00

Colorado Springs, CO Utilities System Revenue Refunding Bonds Series 2019A Assigned 'AA+' Rating – 2019/09/20 – US$ 150.00

Colorado Springs, Colorado; Combined Utility – 2019/09/20 – US$ 500.00

Summary: Colorado Springs, Colorado; Combined Utility – 2019/09/20 – US$ 225.00

Summary: Colorado Springs, Colorado; Appropriations; Moral Obligation – 2019/09/20 – US$ 225.00

Colorado Springs' Utility System Revenue Bonds Upgraded To 'AA+' From 'AA' On Criteria Application – 2019/05/28 – US$ 150.00

Colorado Springs; Combined Utility – 2019/05/28 – US$ 500.00

Summary: Colorado Springs; Combined Utility – 2019/05/28 – US$ 225.00

Summary: FMS Bonds Inc. (Series 2015-XF0230, 2015-XF0226, 2016-XF0279, 2015-XF0223, 2015-XF2024, 2015-XF0232, 2015-XF0228, 2015-XF0229, 2015-XF0225, And 2015-XF0227); Residual Certificates; Tender Option Certificates/Bonds – 2018/12/19 – US$ 225.00

Colorado Springs COP Rating Raised To 'AA' On Stable General Fund Performance – 2018/10/12 – US$ 150.00

More from S&P Global Ratings’ Credit Research

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. "FMSbonds Inc. Series 2015-XF0223 Tender-Option-Bond Trust Receipts Ratings Raised To 'AA+/A-1+' And 'AA+'" Jun 13, 2019. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/FMSbonds-Inc-Series-2015-XF0223-Tender-Option-Bond-Trust-Receipts-Ratings-Raised-To-AA-A-1-And-AA-2250128>

APA:	S&P Global Ratings’ Credit Research. (). FMSbonds Inc. Series 2015-XF0223 Tender-Option-Bond Trust Receipts Ratings Raised To 'AA+/A-1+' And 'AA+' Jun 13, 2019. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/FMSbonds-Inc-Series-2015-XF0223-Tender-Option-Bond-Trust-Receipts-Ratings-Raised-To-AA-A-1-And-AA-2250128>

US$ 150.00

$ £ €

Have a Question?

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

Example Report

Click to View Sample Report

More Research

Search all our Credit Research from one place.