March 7, 2023 2023-MIZ9132TX Mizuho Capital Markets LLC Mizuho Capital Markets LLC Mizuho Bank Ltd. FMSbonds Inc. JPMorgan Securities LLC Mizuho Capital Markets LLC (the Inova [Texas] project) series 2021 taxable housing revenue bonds (series 2022-FRTA-7) Daily S&P Global Ratings assigned the above-mentioned ratings to the taxable floater notes, reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the notes. Trust assets include all distributions of principal; interest; and premiums, if any, from the underlying custodial receipts and the liquidity facility, which is in place to support tender payments on the notes, as well as all such distributions from the standby letter of credit (LOC), which is
