Summary: FMS Bonds Inc. (Series 2023-XF3136); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMS Bonds Inc. (Series 2023-XF3136); Residual Certificates; Tender Option Certificates/Bonds

Summary: FMS Bonds Inc. (Series 2023-XF3136); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMS Bonds Inc. (Series 2023-XF3136); Residual Certificates; Tender Option Certificates/Bonds
Published Aug 17, 2023
5 pages (1940 words) — Published Aug 17, 2023
Price US$ 225.00  |  Buy this Report Now

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Abstract:

August 17, 2023 2023-XF3136 City of San Antonio, Texas water system junior-lien revenue and refunding bonds, series 2023A Barclays Bank PLC FMSbonds, Inc. Barclays Capital Inc. Weekly S&P Global Ratings assigned the above-mentioned ratings to the floater and residual certificates (collectively, the certificates), reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the certificates. 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 interest-and-principal

  
Brief Excerpt:

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

Ticker
2870Z
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: FMS Bonds Inc. (Series 2023-XF3136); Residual Certificates; Tender Option Certificates/Bonds" Aug 17, 2023. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMS-Bonds-Inc-Series-2023-XF3136-Residual-Certificates-Tender-Option-Certificates-Bonds-3043653>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMS Bonds Inc. (Series 2023-XF3136); Residual Certificates; Tender Option Certificates/Bonds Aug 17, 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-XF3136-Residual-Certificates-Tender-Option-Certificates-Bonds-3043653>
  
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