May 14, 2020 2020-XF2878 Metropolitan Transportation Authority, N.Y.'s subseries 2020C-1 transportation revenue green bonds (climate bond certified, federally tax exempt) Barclays Bank PLC FMSbonds Inc. Barclays Capital Inc. Barclays Bank PLC S&P Global Ratings assigned the above-mentioned ratings to the custody, floater, and residual receipts (collectively the receipts), 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. The long-term rating on the custody receipts jointly reflects, assuming low correlation, the ratings
