Summary: FMSbonds Inc. (Series 2016-XF); Residual Certificates; Tender Option Certificates/Bonds

S&P Global Ratings assigned its 'AA+/A-1' and 'AA+' ratings to FMSbonds Inc.'s tender-option bond series 2016-XF2319 trust puttable floating-rate receipts (floaters) and inverse floating-rate receipts (residuals), respectively, related to New York City Municipal Water Finance Authority's fiscal 2011 series HH water and sewer system second general resolution revenue bonds, serial bonds. At the same time, S&P Global Ratings assigned its 'AAA/A-1' and 'AAA' ratings to FMSbonds Inc.'s tender-option bond series 2016-XF2320 trust puttable floating-rate receipts (floaters) and inverse floating-rate receipts (residuals), respectively, related to the Dormitory Authority of the New York State's series 2011C (tax-exempt) personal income tax revenue bonds (general purpose), serial bonds. The long-term components of the ratings on the floaters and the ratings on the residuals reflects

...S&P Global Ratings assigned its '##+/A-1' and '##+' ratings to FMSbonds Inc.'s tender-option bond series 2016-XF2319 trust puttable floating-rate receipts (floaters) and inverse floating-rate receipts (residuals), respectively, related to New York City Municipal Water Finance Authority's fiscal 2011 series HH water and sewer system second general resolution revenue bonds, serial bonds. At the same time, S&P Global Ratings assigned its '###/A-1' and '###' ratings to FMSbonds Inc.'s tender-option bond series 2016-XF2320 trust puttable floating-rate receipts (floaters) and inverse floating-rate receipts (residuals), respectively, related to the Dormitory Authority of the New York State's series 2011C (tax-exempt) personal income tax revenue bonds (general purpose), serial bonds. The long-term components of the ratings on the floaters and the ratings on the residuals reflects the ratings on the underlying bonds. The short-term components of the ratings, which only applies to the floaters, reflects...

Summary