...March 8, 2022 NEW YORK (S&P Global Ratings) March 8, 2022--S&P Global Ratings raised its ratings on FMSbonds Inc.'s series 2020-XF2888 tender-option bond trust floaters; residuals; and custodial receipts, related to New York State Dormitory Authority's underlying series 2020A revenue bonds, issued for NYU Langone Hospitals, to '##+/A-1'; '##+'; and '##+' from '##/A-1'; '##'; and '##', respectively. This rating action follows S&P Global Ratings' rating action on the underlying bonds. (For further information, see the article, titled "NYU Langone Hospitals, NY Bond Ratings Raised To 'A+' On Improved Balance Sheet And Cash Flow; Outlook Stable," published Feb. 24, 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, Barclays Bank PLC. The long-term component of the ratings on the floaters and the rating on the residuals reflect the rating on the custodial...
