FMSbonds Inc. Series 2017-XF2484 Receipt Ratings Raised To 'A/A-1', 'A'

NEW YORK (S&P Global Ratings) July 6, 2023--S&P Global Ratings raised the long- and short-term rating components on FMSbonds Inc.'s series 2017-XF2484 tender-option-bond trust floater and residual receipts, related to Kentucky Economic Development Turnpike Authority's series 2017A and 2017B road revenue bonds, to 'A/A-1' and 'A' from 'A-/A-2' and 'A-', respectively. This rating action follows S&P Global Ratings' action on the underlying bonds. (For further information, see "Kentucky Issuer Credit Rating Raised To 'A+' From 'A' On Strengthened Finances; Outlook Stable," published June 29, 2023, on RatingsDirect.) The long-term component of the rating 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

...July 6, 2023 NEW YORK (S&P Global Ratings) July 6, 2023--S&P Global Ratings raised the long- and short-term rating components on FMSbonds Inc.'s series 2017-XF2484 tender-option-bond trust floater and residual receipts, related to Kentucky Economic Development Turnpike Authority's series 2017A and 2017B road revenue bonds, to 'A/A-1' and 'A' from 'A-/A-2' and 'A-', respectively. This rating action follows S&P Global Ratings' action on the underlying bonds. (For further information, see "Kentucky Issuer Credit Rating Raised To 'A+' From 'A' On Strengthened Finances; Outlook Stable," published June 29, 2023, on RatingsDirect.) The long-term component of the rating 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 when due if they do not exercise their put option. The short-term component of the rating reflects the lower of S&P Global Ratings'...

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