Summary: FMS Bonds Inc. (Series 2024-XF1754); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMS Bonds Inc. (Series 2024-XF1754); Residual Certificates; Tender Option Certificates/Bonds

Summary: FMS Bonds Inc. (Series 2024-XF1754); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMS Bonds Inc. (Series 2024-XF1754); Residual Certificates; Tender Option Certificates/Bonds
Published Oct 07, 2024
5 pages (1938 words) — Published Oct 07, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Oct. 4, 2024 2024-XF1754 Michigan State Housing Development Authority Rental Housing Revenue Bonds, 2024 Series A (Non-AMT) 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 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 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 liquidity facility, which is in place to support tender payments on the floaters....

  
Report Type:

Summary

Issuer
Michigan State Housing Development Authority
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: FMS Bonds Inc. (Series 2024-XF1754); Residual Certificates; Tender Option Certificates/Bonds" Oct 07, 2024. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMS-Bonds-Inc-Series-2024-XF1754-Residual-Certificates-Tender-Option-Certificates-Bonds-3262931>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMS Bonds Inc. (Series 2024-XF1754); Residual Certificates; Tender Option Certificates/Bonds Oct 07, 2024. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMS-Bonds-Inc-Series-2024-XF1754-Residual-Certificates-Tender-Option-Certificates-Bonds-3262931>
  
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