Ratings On 68 Receipts For Multiple Issuers Lowered To 'A+/A-1', 'A+/A-2', 'A+' - S&P Global Ratings’ Credit Research

Ratings On 68 Receipts For Multiple Issuers Lowered To 'A+/A-1', 'A+/A-2', 'A+'

Ratings On 68 Receipts For Multiple Issuers Lowered To 'A+/A-1', 'A+/A-2', 'A+' - S&P Global Ratings’ Credit Research
Ratings On 68 Receipts For Multiple Issuers Lowered To 'A+/A-1', 'A+/A-2', 'A+'
Published Jul 09, 2020
11 pages (4076 words) — Published Jul 09, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) July 9, 2020--S&P Global Ratings lowered its ratings on 68 tender-option bond trust receipts issued by FMSbonds Inc.; Mesirow Municipal Funding; Mesirow Financial Inc.; Loop Capital Markets LLC; and Stifel, Nicolaus&Co. Inc., related to various underlying bonds, to 'A+/A-1' and 'A+' from 'AA-/A-1' and 'AA-', respectively, and DB SPEARs/LIFERs Trust's receipts to 'A+/A-2' and 'A+' from 'AA-/A-2' and 'AA-', respectively. (Please see the table.) This rating action follows S&P Global Ratings' lowering of its ratings on the underlying bonds. (For further information, please see the article, titled "Port Authority Of New York&New Jersey Consolidated Bond Rating Lowered To 'A+' From 'AA-' On Depressed Activity Levels," published June 26, 2020, on RatingsDirect.)

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
Report Type:

Ratings Action

Issuer
Port Authority of New York&New Jersey
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. "Ratings On 68 Receipts For Multiple Issuers Lowered To 'A+/A-1', 'A+/A-2', 'A+'" Jul 09, 2020. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-68-Receipts-For-Multiple-Issuers-Lowered-To-A-A-1-A-A-2-A-2475660>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On 68 Receipts For Multiple Issuers Lowered To 'A+/A-1', 'A+/A-2', 'A+' Jul 09, 2020. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-68-Receipts-For-Multiple-Issuers-Lowered-To-A-A-1-A-A-2-A-2475660>
  
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