Research Update: Mesirow Financial Inc. (Series 2023-XM1151) Ratings Affirmed - S&P Global Ratings’ Credit Research

Research Update: Mesirow Financial Inc. (Series 2023-XM1151) Ratings Affirmed

Research Update: Mesirow Financial Inc. (Series 2023-XM1151) Ratings Affirmed - S&P Global Ratings’ Credit Research
Research Update: Mesirow Financial Inc. (Series 2023-XM1151) Ratings Affirmed
Published Nov 12, 2025
5 pages (2130 words) — Published Nov 12, 2025
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Oct. 16, 2025 2023-XM1151 City and county of Denver, Colorado Airport System subordinate revenue bonds, series 2018A (AMT) Barclays Bank PLC Mesirow Financial Inc. Barclays Capital Inc. Barclays Bank PLC S&P Global Ratings affirmed its ?AA+?, ?AA+/A-1?, and ?AA+? ratings on the custody, floater, and residual receipts (collectively the receipts), following the replacement of the liquidity and credit provider. The ratings reflect S&P Global Ratings' opinion of the likelihood that the trust, as custody receiptholder, will have sufficient assets to pay timely interest and full principal when due on the receipts. Trust assets include all distributions of principal; interest; and premiums, if any, from the custody receipts and liquidity facility, which is in place to support tender payments on the

  
Brief Excerpt:

...S&P Global Ratings affirmed its `##+', `##+/A-1', and `##+' ratings on the custody, floater, and residual receipts (collectively the receipts), following the replacement of the liquidity and credit provider. The ratings reflect S&P Global Ratings' opinion of the likelihood that the trust, as custody receiptholder, will have sufficient assets to pay timely interest and full principal when due on the receipts. Trust assets include all distributions of principal; interest; and premiums, if any, from the custody receipts and liquidity facility, which is in place to support tender payments on the floaters. The long-term rating on the custody receipts jointly reflects, assuming a low correlation, the ratings on the underlying securities and the credit-enhancement provider, which is now Barclays Bank PLC, replacing UBS AG Stamford branch. The long-term component of our rating on the floaters reflects the ratings on the custody receipts and addresses full and timely interest-and- principal payments...

  
Report Type:

Research Update

Issuer
Sector
Global Issuers, Public Finance
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Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Mesirow Financial Inc. (Series 2023-XM1151) Ratings Affirmed" Nov 12, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Mesirow-Financial-Inc-Series-2023-XM1151-Ratings-Affirmed-3476837>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Mesirow Financial Inc. (Series 2023-XM1151) Ratings Affirmed Nov 12, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Mesirow-Financial-Inc-Series-2023-XM1151-Ratings-Affirmed-3476837>
  
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