Dec. 5, 2022 2022-FR/RI-048 Michigan State Housing Development Authority Single-Family Mortgage Revenue Bonds, 2022 Series E-2 (Floating Rate) Barclays Bank PLC Barclays Capital Inc. Barclays Capital Inc. Daily S&P Global Ratings assigned the above-mentioned ratings to the floater receipts, reflecting its opinion of the likelihood the trust 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 underlying securities and the liquidity facility, 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 interest-and-principal payments when receiptholders have
