FMSbonds Inc. Various Long-Term Receipt Ratings Raised To 'AA', 'AA/A-1+', 'AA/A-1' - S&P Global Ratings’ Credit Research

FMSbonds Inc. Various Long-Term Receipt Ratings Raised To 'AA', 'AA/A-1+', 'AA/A-1'

FMSbonds Inc. Various Long-Term Receipt Ratings Raised To 'AA', 'AA/A-1+', 'AA/A-1' - S&P Global Ratings’ Credit Research
FMSbonds Inc. Various Long-Term Receipt Ratings Raised To 'AA', 'AA/A-1+', 'AA/A-1'
Published Sep 29, 2023
3 pages (1419 words) — Published Sep 29, 2023
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Sept. 29, 2023--S&P Global Ratings raised its long-term ratings on six FMSbonds Inc.'s series 2017-XF0549, 2022-ZF1413, and 2022-ZF1406 tender-option-bond trust receipts, related to various underlying bonds 'AA', 'AA/A-1+', 'AA/A-1' from 'AA-', 'AA-/A-1+', and 'AA-/A-1', respectively (see the table). This rating action follows S&P Global Rating's raising its ratings on the underlying bonds. (For further information, see "Hudson Yards Infrastructure Corp., NY Revenue Bond Rating Raised To 'AA' From 'AA-' On Improved Debt Service Coverage," published Sept. 26, 2023, 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:

...This rating action follows S&P Global Rating's raising its ratings on the underlying bonds. (For further information, see "Hudson Yards Infrastructure Corp., NY Revenue Bond Rating Raised To...

  
Report Type:

Ratings Action

Issuer
New York City
Sector
Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "FMSbonds Inc. Various Long-Term Receipt Ratings Raised To 'AA', 'AA/A-1+', 'AA/A-1'" Sep 29, 2023. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/FMSbonds-Inc-Various-Long-Term-Receipt-Ratings-Raised-To-AA-AA-A-1-AA-A-1-3062522>
  
APA:
S&P Global Ratings’ Credit Research. (). FMSbonds Inc. Various Long-Term Receipt Ratings Raised To 'AA', 'AA/A-1+', 'AA/A-1' Sep 29, 2023. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/FMSbonds-Inc-Various-Long-Term-Receipt-Ratings-Raised-To-AA-AA-A-1-AA-A-1-3062522>
  
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