Summary: FMS Bonds Inc. (Series 2024-XF1720); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMS Bonds Inc. (Series 2024-XF1720); Residual Certificates; Tender Option Certificates/Bonds

Summary: FMS Bonds Inc. (Series 2024-XF1720); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMS Bonds Inc. (Series 2024-XF1720); Residual Certificates; Tender Option Certificates/Bonds
Published Jul 31, 2024
5 pages (1955 words) — Published Jul 31, 2024
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Abstract:

Aug. 1, 2024 2024-XF1720 New York City Municipal Water Finance Authority's subseries CC-1 water and sewer system second general resolution revenue bonds, fiscal 2024 JPMorgan Chase Bank, N.A. FMS Bonds Inc. JPMorgan Securities 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

  
Brief Excerpt:

...New York City Municipal Water Finance Authority's subseries ##-1 water and sewer system second general resolution revenue bonds, fiscal 2024...

  
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MLA:
S&P Global Ratings’ Credit Research. "Summary: FMS Bonds Inc. (Series 2024-XF1720); Residual Certificates; Tender Option Certificates/Bonds" Jul 31, 2024. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMS-Bonds-Inc-Series-2024-XF1720-Residual-Certificates-Tender-Option-Certificates-Bonds-3223604>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMS Bonds Inc. (Series 2024-XF1720); Residual Certificates; Tender Option Certificates/Bonds Jul 31, 2024. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMS-Bonds-Inc-Series-2024-XF1720-Residual-Certificates-Tender-Option-Certificates-Bonds-3223604>
  
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