NEW YORK (S&P Global Ratings) May 6, 2016--S&P Global Ratings assigned 28 various ratings to 14 FMSbonds Inc.'s tender option bond series 2016-XF trust puttable floating-rate receipts (floaters) and inverse floating-rate receipts (residuals), respectively, relating to various underlying bonds. The long-term component of the ratings on the floaters and the ratings on the residuals for each series reflect the ratings on the respective underlying bonds. The short-term component of the ratings on the floaters is based on a liquidity agreement from JPMorgan Chase Bank N.A. (A-1). The receipts were formerly issued as floater and residual receipts under individual trust agreements by Wilmington Trust N.A. The CUSIPs associated with the former receipts have been exchanged for new CUSIPs and issued as
