April 1, 2026 2025-XL0672 Tarrant County Cultural Education Facilities Finance Corp., Texas health resources system revenue bonds series 2025 Morgan Stanley Bank N.A. Loop Capital Markets LLC Morgan Stanley&Co. LLC Weekly S&P Global Ratings affirmed its 'AA/A-1' and 'AA' ratings on the floater and residual receipts (collectively, the receipts) following the replacement of the liquidity agreement with an option swap. Trust assets include all distributions of principal, interest, and premiums, if any, from the underlying securities and liquidity facility in the form of an option swap, which is in place to support tender payments on the floaters. The long-term component of our rating on the floaters reflects the ratings on the underlying securities and addresses full and timely
