Summary: DB Municipal Holdings LLC (Series DB-8202 DB SPEARs/LIFERs Trust); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: DB Municipal Holdings LLC (Series DB-8202 DB SPEARs/LIFERs Trust); Residual Certificates; Tender Option Certificates/Bonds

Summary: DB Municipal Holdings LLC (Series DB-8202 DB SPEARs/LIFERs Trust); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: DB Municipal Holdings LLC (Series DB-8202 DB SPEARs/LIFERs Trust); Residual Certificates; Tender Option Certificates/Bonds
Published May 02, 2023
5 pages (1922 words) — Published May 02, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

May 1, 2023 DB-8202 Freddie Mac's class A series M-039 multifamily M certificates 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 and timely

  
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

Ticker
FRE
Issuer
Freddie Mac
Sector
Global Issuers, Public Finance, Structured 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 (Series DB-8202 DB SPEARs/LIFERs Trust); Residual Certificates; Tender Option Certificates/Bonds" May 02, 2023. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-DB-Municipal-Holdings-LLC-Series-DB-8202-DB-SPEARs-LIFERs-Trust-Residual-Certificates-Tender-Option-Certificates-Bonds-2981113>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: DB Municipal Holdings LLC (Series DB-8202 DB SPEARs/LIFERs Trust); Residual Certificates; Tender Option Certificates/Bonds May 02, 2023. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-DB-Municipal-Holdings-LLC-Series-DB-8202-DB-SPEARs-LIFERs-Trust-Residual-Certificates-Tender-Option-Certificates-Bonds-2981113>
  
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