Summary: FMS Bonds Inc. (Series 2023-XF1581); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMS Bonds Inc. (Series 2023-XF1581); Residual Certificates; Tender Option Certificates/Bonds

Summary: FMS Bonds Inc. (Series 2023-XF1581); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMS Bonds Inc. (Series 2023-XF1581); Residual Certificates; Tender Option Certificates/Bonds
Published Aug 22, 2023
5 pages (1957 words) — Published Aug 22, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Aug. 17, 2023 2023-XF1581 Michigan State Housing Development Authority single-family housing mortgage revenue bonds, 2023 series A Toronto-Dominion Bank, acting through its New York Branch FMS Bonds Inc. TD Securities (USA) LLC 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:

...Michigan State Housing Development Authority single-family housing mortgage revenue bonds, 2023 series A...

  
Report Type:

Summary

Issuer
Michigan State Housing Development Authority
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: FMS Bonds Inc. (Series 2023-XF1581); Residual Certificates; Tender Option Certificates/Bonds" Aug 22, 2023. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMS-Bonds-Inc-Series-2023-XF1581-Residual-Certificates-Tender-Option-Certificates-Bonds-3045417>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMS Bonds Inc. (Series 2023-XF1581); Residual Certificates; Tender Option Certificates/Bonds Aug 22, 2023. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMS-Bonds-Inc-Series-2023-XF1581-Residual-Certificates-Tender-Option-Certificates-Bonds-3045417>
  
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