Summary: FMSbonds Inc. (Series 2015-XF2185) And Greystone Multifamily Mortgage Bond Trust (Series 2014-02); Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds

S&P Global Ratings affirmed its 'AA+/A-1' and 'AA+' long-term rating component and long-term rating, respectively, on FMSbonds Inc.'s tender-option bond trust series 2015-XF2185 trust puttable floating-rate receipts (floaters) and inverse-floating-rate receipts (residuals), respectively, related to Slo County Finance Authority, Calif.'s series 2007A revenue bonds (the Nacimiento water project). In addition, S&P Global Ratings affirmed its 'AA+' rating on Greystone Multifamily Mortgage Bond Trust's series 2014-02 senior certificates (custodials) related to several multifamily housing bonds (Nevada Housing Division). This rating action follows our actions on certain underlying bonds held in these trusts. We withdrew the ratings on these underlying bonds on Nov. 18, 2017. For series 2015-XF2185, the long-term component of the rating on the floaters and the rating on the

...S&P Global Ratings affirmed its '##+/A-1' and '##+' long-term rating component and long-term rating, respectively, on FMSbonds Inc.'s tender-option bond trust series 2015-XF2185 trust puttable floating-rate receipts (floaters) and inverse-floating-rate receipts (residuals), respectively, related to Slo County Finance Authority, Calif.'s series 2007A revenue bonds (the Nacimiento water project). In addition, S&P Global Ratings affirmed its '##+' rating on Greystone Multifamily Mortgage Bond Trust's series 2014-02 senior certificates (custodials) related to several multifamily housing bonds (Nevada Housing Division). This rating action follows our actions on certain underlying bonds held in these trusts. We withdrew the ratings on these underlying bonds on Nov. 18, 2017. For series 2015-XF2185, the long-term component of the rating on the floaters and the rating on the residuals reflect the rating on the underlying bonds. The long-term rating on the floaters also reflects our expectation...

Summary