NEW YORK (S&P Global Ratings) Dec. 2, 2016--S&P Global Ratings raised its long-term rating components on Fmsbonds Inc.'s tender-option bond trust series 2015-XF0220 trust puttable floating-rate receipts (floaters) and inverse floating-rate receipts (residuals), related to Austin series 2015A general obligation refunding bonds, to 'AA/A-1' and 'AA', respectively, from 'AA-/A-1' and 'AA-'. This rating action follows S&P Global Ratings' action on the underlying bonds. The long-term ratings were raised on Nov. 11, 2016. (Please see the article, titled "Austin, TX Electric Utility System Revenue Debt Ratings Raised To 'AA' On Very Strong Finances," published Nov. 11, 2016, on RatingsDirect.) The long-term component of the rating on the floater and the rating on the residual reflect the ratings on the underlying bonds,
