Summary: DB SPEARs/LIFERs Trust (DB-8119); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: DB SPEARs/LIFERs Trust (DB-8119); Residual Certificates; Tender Option Certificates/Bonds

Summary: DB SPEARs/LIFERs Trust (DB-8119); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: DB SPEARs/LIFERs Trust (DB-8119); Residual Certificates; Tender Option Certificates/Bonds
Published Jan 05, 2024
5 pages (1907 words) — Published Jan 05, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Jan. 5, 2024 SPEARs/LIFERs DB-8119 The Commonwealth Of Massachusetts general obligation bonds, consolidated loan of 2023, series D Deutsche Bank AG, New York branch DB Municipal Holdings LLC Deutsche Bank Securities Inc. Weekly 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

  
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 liquidity facility, which is in place to support tender payments on the floaters....

  
Report Type:

Summary

Issuer
Commonwealth of Massachusetts
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: DB SPEARs/LIFERs Trust (DB-8119); Residual Certificates; Tender Option Certificates/Bonds" Jan 05, 2024. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-DB-SPEARs-LIFERs-Trust-DB-8119-Residual-Certificates-Tender-Option-Certificates-Bonds-3107305>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: DB SPEARs/LIFERs Trust (DB-8119); Residual Certificates; Tender Option Certificates/Bonds Jan 05, 2024. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-DB-SPEARs-LIFERs-Trust-DB-8119-Residual-Certificates-Tender-Option-Certificates-Bonds-3107305>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.