Summary: FMSbonds Inc. (Series 2022-XF1423); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMSbonds Inc. (Series 2022-XF1423); Residual Certificates; Tender Option Certificates/Bonds

Summary: FMSbonds Inc. (Series 2022-XF1423); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMSbonds Inc. (Series 2022-XF1423); Residual Certificates; Tender Option Certificates/Bonds
Published Dec 08, 2022
5 pages (1937 words) — Published Dec 08, 2022
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Dec. 5, 2022 2022-XF1423 Omaha Public Power District's series 2021A electric system revenue bonds JPMorgan Chase Bank N.A. FMSbonds Inc. JPMorgan Securities LLC Weekly S&P Global Ratings assigned the above-mentioned ratings to the floater and residual receipts (collectively the receipts), reflecting its 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 the ratings on the underlying securities and addresses full and timely interest-and-principal payments when receiptholders

  
Brief Excerpt:

...S&P Global Ratings assigned the above-mentioned ratings to the floater and residual receipts (collectively the receipts), reflecting its 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....

  
Report Type:

Summary

Ticker
2773Z
Issuer
Omaha Public Power District
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: FMSbonds Inc. (Series 2022-XF1423); Residual Certificates; Tender Option Certificates/Bonds" Dec 08, 2022. Alacra Store. May 07, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2022-XF1423-Residual-Certificates-Tender-Option-Certificates-Bonds-2927443>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMSbonds Inc. (Series 2022-XF1423); Residual Certificates; Tender Option Certificates/Bonds Dec 08, 2022. New York, NY: Alacra Store. Retrieved May 07, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2022-XF1423-Residual-Certificates-Tender-Option-Certificates-Bonds-2927443>
  
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