Summary: Barclays Capital Inc. (Series 2022-XX1247); Joint Criteria - S&P Global Ratings’ Credit Research

Summary: Barclays Capital Inc. (Series 2022-XX1247); Joint Criteria

Summary: Barclays Capital Inc. (Series 2022-XX1247); Joint Criteria - S&P Global Ratings’ Credit Research
Summary: Barclays Capital Inc. (Series 2022-XX1247); Joint Criteria
Published Oct 27, 2022
5 pages (1938 words) — Published Oct 27, 2022
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Oct. 27, 2022 2022-XX1247 Hamilton County, Ohio's (UC Health) series 2020 hospital facilities revenue bonds Barclays Bank PLC Barclays Capital Inc. Barclays Capital Inc. Barclays Bank PLC S&P Global Ratings assigned the above-mentioned ratings to the custody and floater receipts (collectively the receipts), reflecting its opinion of the likelihood the trust, as custody receiptholder, will have sufficient assets to pay timely interest and full principal when due on the floater 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 floaters. The long-term rating on the custody receipts jointly reflects, assuming low correlation, the ratings on the underlying securities and credit-enhancement

  
Brief Excerpt:

...S&P Global Ratings assigned the above-mentioned ratings to the custody and floater receipts (collectively the receipts), reflecting its opinion of the likelihood the trust, as custody receiptholder, will have sufficient assets to pay timely interest and full principal when due on the floater 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 floaters....

  
Report Type:

Summary

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Global Issuers, Public Finance, Structured Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Barclays Capital Inc. (Series 2022-XX1247); Joint Criteria" Oct 27, 2022. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Barclays-Capital-Inc-Series-2022-XX1247-Joint-Criteria-2909647>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Barclays Capital Inc. (Series 2022-XX1247); Joint Criteria Oct 27, 2022. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Barclays-Capital-Inc-Series-2022-XX1247-Joint-Criteria-2909647>
  
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