Summary: Barclays Capital Inc. (Series 2022-FR RI-020); Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Barclays Capital Inc. (Series 2022-FR RI-020); Tender Option Certificates/Bonds

Summary: Barclays Capital Inc. (Series 2022-FR RI-020); Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Barclays Capital Inc. (Series 2022-FR RI-020); Tender Option Certificates/Bonds
Published May 30, 2023
4 pages (1378 words) — Published May 30, 2023
Price US$ 225.00  |  Buy this Report Now

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Abstract:

May 25, 2023 2022-FR RI-020 Barclays Bank PLC Barclays Capital Inc. S&P Global Ratings affirmed the above-mentioned ratings on the floater certificates relating to the series 2022-FR RI-020, following the amendment to the original trust documents where the index used to determine the underlying asset is changed to secured overnight financing rate from LIBOR. The maximum rate for this trust is still capped at 12% per year, which remains covered by the liquidity facility provided by Barclays Bank PLC. In addition, the June 30, 2023, mandatory tender date associated with the cessation of the LIBOR rate has been removed. In our opinion, there were no other material changes to the trust documents that affect the trust structure. Our ratings on

  
Brief Excerpt:

...S&P Global Ratings affirmed the above-mentioned ratings on the floater certificates relating to the series 2022-FR RI-020, following the amendment to the original trust documents where the index used to determine the underlying asset is changed to secured overnight financing rate from LIBOR. The maximum rate for this trust is still capped at 12% per year, which remains covered by the liquidity facility provided by Barclays Bank PLC. In addition, the June 30, 2023, mandatory tender date associated with the cessation of the LIBOR rate has been removed. In our opinion, there were no other material changes to the trust documents that affect the trust structure....

  
Report Type:

Summary

Issuer
Massachusetts Housing Finance Agency
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Barclays Capital Inc. (Series 2022-FR RI-020); Tender Option Certificates/Bonds" May 30, 2023. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Barclays-Capital-Inc-Series-2022-FR-RI-020-Tender-Option-Certificates-Bonds-2993512>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Barclays Capital Inc. (Series 2022-FR RI-020); Tender Option Certificates/Bonds May 30, 2023. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Barclays-Capital-Inc-Series-2022-FR-RI-020-Tender-Option-Certificates-Bonds-2993512>
  
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