Oct. 10, 2019 2018-XF0719 Philadelphia's series 2018A water and wastewater revenue bonds Royal Bank of Canada, acting through its New York branch FMSbonds Inc. RBC Capital Markets LLC Royal Bank of Canada, acting through its New York branch S&P Global Ratings raised the above-mentioned ratings to the custody, floater, and residual receipts (collectively the receipts) pursuant to the closing-date amendment, reflecting its opinion of the likelihood the trust, as custody receipt holder, will have sufficient assets to pay timely interest and full principal when due on the floater receipts. Trust assets include all distributions of principal; interest; and premiums, if any, from the custody receipts and liquidity facility, which is in place to support tender payments on floaters and residuals.
