Summary: FMSbonds Inc. (Series 2017-XF2419); Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMSbonds Inc. (Series 2017-XF2419); Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds

Summary: FMSbonds Inc. (Series 2017-XF2419); Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMSbonds Inc. (Series 2017-XF2419); Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds
Published Apr 23, 2020
6 pages (2043 words) — Published Apr 23, 2020
Price US$ 225.00  |  Buy this Report Now

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Abstract:

April 23, 2020 2017-XF2419 Metropolitan Transportation Authority, N.Y.'s series 2013C transportation revenue bonds (term bonds) Barclays Bank PLC FMSbonds Inc. Barclays Capital Inc. Barclays Bank PLC S&P Global Ratings raised the above-mentioned ratings to the floater and residual receipts and assigned the above-mentioned ratings to the custody receipts (collectively the receipts), reflecting its opinion of the likelihood that the trust, as custody receipt holder, 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 custody receipts and the liquidity facility, which is in place to support tender payments on floaters. The long-term rating on the custody receipts jointly reflects, assuming

  
Brief Excerpt:

... 2013C transportation revenue bonds (term bonds)...

  
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MLA:
S&P Global Ratings’ Credit Research. "Summary: FMSbonds Inc. (Series 2017-XF2419); Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds" Apr 23, 2020. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2017-XF2419-Joint-Criteria-Residual-Certificates-Tender-Option-Certificates-Bonds-2418383>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMSbonds Inc. (Series 2017-XF2419); Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds Apr 23, 2020. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2017-XF2419-Joint-Criteria-Residual-Certificates-Tender-Option-Certificates-Bonds-2418383>
  
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