New rating Series Rating Amount (mil. $) 2026 AA+/A-1+ 5.325 Profile Closing date Nov. 5, 2026. Maturity date Nov. 1, 2076. Structure type Full-support, direct-pay LOC supported by CLOC. Issuer Big Sky Issuing Trust. FLOC provider Vista Bank (rating dependency)(i). CLOC provider Federal Home Loan Bank of Topeka (rating dependency)(i). Trustee BOKF N.A. Remarketing agent Stern Bros. (i)S&P Global Ratings'credit rating on the notes is linked to the higher of its ratings on the FLOC and CLOC providers. LOC--Letter of credit. FLOC--Fronting LOC. CLOC--Confirming LOC. S&P Global Ratings assigned its'AA+/A-1+'rating to Big Sky Issuing Trust's series 2026 taxable variable-rate demand notes. The rating on the notes reflects our opinion of the credit and liquidity support that
