Nov. 2, 2026 2026-XM1415 Triborough Bridge and Tunnel Authority (MTA bridges and tunnels) real estate transfer tax revenue bonds, series 2025A (TBTA capital lockbox fund) Morgan Stanley Bank N.A. Mesirow Financial Inc. Morgan Stanley&Co. LLC Weekly S&P Global Ratings assigned its'AA-/A-1'and'AA-'ratings to the floater and residual certificates (collectively the certificates), reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the certificates. Trust assets include all distributions of principal; interest; and premiums, if any, from the underlying securities and option swap, which is in place to support tender payments on the floaters. The long-term component of our rating on the floaters reflects
