Summary: DB Municipal Holdings LLC (SPEARs/LIFERs DB-8154); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: DB Municipal Holdings LLC (SPEARs/LIFERs DB-8154); Residual Certificates; Tender Option Certificates/Bonds

Summary: DB Municipal Holdings LLC (SPEARs/LIFERs DB-8154); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: DB Municipal Holdings LLC (SPEARs/LIFERs DB-8154); Residual Certificates; Tender Option Certificates/Bonds
Published Jan 16, 2025
5 pages (1877 words) — Published Jan 16, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Jan 16, 2025 SPEARs/LIFERs DB-8154 Massachusetts' consolidated loan of 2024 series 2024A general obligation bonds Deutsche Bank AG, New York branch DB Municipal Holdings LLC Deutsche Bank Securities Inc. Daily S&P Global Ratings assigned the above-mentioned ratings to the floater and residual receipts (collectively the 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

  
Brief Excerpt:

...S&P Global Ratings assigned the above-mentioned ratings to the floater and residual receipts (collectively the 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...

  
Report Type:

Summary

Issuer
Commonwealth of Massachusetts
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: DB Municipal Holdings LLC (SPEARs/LIFERs DB-8154); Residual Certificates; Tender Option Certificates/Bonds" Jan 16, 2025. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-DB-Municipal-Holdings-LLC-SPEARs-LIFERs-DB-8154-Residual-Certificates-Tender-Option-Certificates-Bonds-3310015>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: DB Municipal Holdings LLC (SPEARs/LIFERs DB-8154); Residual Certificates; Tender Option Certificates/Bonds Jan 16, 2025. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-DB-Municipal-Holdings-LLC-SPEARs-LIFERs-DB-8154-Residual-Certificates-Tender-Option-Certificates-Bonds-3310015>
  
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