Summary: FMSbonds Inc. (Series 2023-XF1447); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMSbonds Inc. (Series 2023-XF1447); Residual Certificates; Tender Option Certificates/Bonds

Summary: FMSbonds Inc. (Series 2023-XF1447); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMSbonds Inc. (Series 2023-XF1447); Residual Certificates; Tender Option Certificates/Bonds
Published Jan 11, 2023
5 pages (1942 words) — Published Jan 11, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Jan. 11, 2023 2023-XF1447 San Antonio, Texas' series 2021A water system junior-lien revenue and refunding bonds (no reserve fund) Bank of America N.A. FMSbonds Inc. BofA Securities Inc. 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

  
Brief Excerpt:

...San Antonio, Texas' series 2021A water system junior-lien revenue and refunding bonds (no reserve fund)...

  
Report Type:

Summary

Ticker
2870Z
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: FMSbonds Inc. (Series 2023-XF1447); Residual Certificates; Tender Option Certificates/Bonds" Jan 11, 2023. Alacra Store. May 06, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2023-XF1447-Residual-Certificates-Tender-Option-Certificates-Bonds-2935518>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMSbonds Inc. (Series 2023-XF1447); Residual Certificates; Tender Option Certificates/Bonds Jan 11, 2023. New York, NY: Alacra Store. Retrieved May 06, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2023-XF1447-Residual-Certificates-Tender-Option-Certificates-Bonds-2935518>
  
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