Loop Capital Markets LLC Series 2022-ZL0287 Receipt Ratings Raised To 'AA+/A-1+', 'AA+' - S&P Global Ratings’ Credit Research

Loop Capital Markets LLC Series 2022-ZL0287 Receipt Ratings Raised To 'AA+/A-1+', 'AA+'

Loop Capital Markets LLC Series 2022-ZL0287 Receipt Ratings Raised To 'AA+/A-1+', 'AA+' - S&P Global Ratings’ Credit Research
Loop Capital Markets LLC Series 2022-ZL0287 Receipt Ratings Raised To 'AA+/A-1+', 'AA+'
Published Aug 30, 2023
2 pages (1197 words) — Published Aug 30, 2023
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Abstract:

CHICAGO (S&P Global Ratings) Aug. 30, 2023--S&P Global Ratings raised the long-term rating components on Loop Capital Markets LLC's series 2022-ZL0287 tender-option-bond trust floater and residual receipts, related to Sacramento Regional County Sanitation District, Calif.'s series 2020A revenue bonds, to 'AA+/A-1+' and 'AA+' from 'AA/A-1+' and 'AA', respectively. The rating action follows S&P Global Ratings' action on the underlying bonds. (For further information, see "Sacramento Regional County Sanitation District, CA Senior Lien Revenue Bond Rating Raised To 'AA+' From 'AA'," published Aug. 23, 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

  
Brief Excerpt:

...August 30, 2023 CHICAGO (S&P Global Ratings) Aug. 30, 2023--S&P Global Ratings raised the long-term rating components on Loop Capital Markets LLC's series 2022-ZL0287 tender-option-bond trust floater and residual receipts, related to Sacramento Regional County Sanitation District, Calif.'s series 2020A revenue bonds, to '##+/A-1+' and '##+' from '##/A-1+' and '##', respectively. The rating action follows S&P Global Ratings' action on the underlying bonds. (For further information, see "Sacramento Regional County Sanitation District, CA Senior Lien Revenue Bond Rating Raised To '##+' From '##'," published Aug. 23, 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 on the floaters reflects...

  
Report Type:

Ratings Action

Issuer
Sacramento Area Sewer District Treatment and Resource Recovery System
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Loop Capital Markets LLC Series 2022-ZL0287 Receipt Ratings Raised To 'AA+/A-1+', 'AA+'" Aug 30, 2023. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Loop-Capital-Markets-LLC-Series-2022-ZL0287-Receipt-Ratings-Raised-To-AA-A-1-AA-3048916>
  
APA:
S&P Global Ratings’ Credit Research. (). Loop Capital Markets LLC Series 2022-ZL0287 Receipt Ratings Raised To 'AA+/A-1+', 'AA+' Aug 30, 2023. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Loop-Capital-Markets-LLC-Series-2022-ZL0287-Receipt-Ratings-Raised-To-AA-A-1-AA-3048916>
  
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