Aug. 15, 2018 2018-XF0685 Dormitory Authority of the State of New York state sales tax revenue bonds (New York State) series 2018A The Toronto-Dominion Bank, acting through its New York Branch FMSbonds Inc. TD Securities (USA) LLC S&P Global Ratings assigned the above-mentioned ratings to the floater and residual receipts (collectively, "the receipts"), reflecting S&P Global Ratings' 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
