Research Update: Ratings On Multiple Tender-Option Bond Trust Receipts Raised Following Liquidity Provider Replacement - S&P Global Ratings’ Credit Research

Research Update: Ratings On Multiple Tender-Option Bond Trust Receipts Raised Following Liquidity Provider Replacement

Research Update: Ratings On Multiple Tender-Option Bond Trust Receipts Raised Following Liquidity Provider Replacement - S&P Global Ratings’ Credit Research
Research Update: Ratings On Multiple Tender-Option Bond Trust Receipts Raised Following Liquidity Provider Replacement
Published May 21, 2026
8 pages (3061 words) — Published May 21, 2026
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings raised its short-term ratings and affirmed its long-term ratings on 14 Loop Capital Markets LLC tender-option bond trusts, following the replacement of the liquidity provider from Morgan Stanley Bank N.A. to Royal Bank of Canada acting through its New York branch on May 21, 2026, the amendment date (see table). Issue description Series New rating Previous rating CUSIP Underlying CUSIP(s) Liquidity provider Loop Capital Markets LLC (Massachusetts) Residual Ser 2022-ZL0339 re Commonwealth of MA GO Bnds Cons Loan, Ser 2022C 2022ZL0339 AA+ AA+ 88035DT47 57582RY34 Loop Capital Markets LLC (Massachusetts) Floater Ser 2022-ZL0339 re Commonwealth of MA GO Bnds Cons Loan, Ser 2022C 2022ZL0339 AA+/A-1+ AA+/A-1 88035DT39 57582RY34 Royal Bank of Canada acting through its New York

  
Brief Excerpt:

...Samuel E Yazo CRISIL Global Analytical Center, an S&P Global Ratings affiliate Bogota Adhiban Babu CRISIL Global Analytical Center, an S&P Global Ratings affiliate Pune...

  
Report Type:

Research Update

Issuer
Loop Capital Markets LLC
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Ratings On Multiple Tender-Option Bond Trust Receipts Raised Following Liquidity Provider Replacement" May 21, 2026. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ratings-On-Multiple-Tender-Option-Bond-Trust-Receipts-Raised-Following-Liquidity-Provider-Replacement-3567130>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Ratings On Multiple Tender-Option Bond Trust Receipts Raised Following Liquidity Provider Replacement May 21, 2026. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Ratings-On-Multiple-Tender-Option-Bond-Trust-Receipts-Raised-Following-Liquidity-Provider-Replacement-3567130>
  
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