Feb. 14, 2023 2023-XF1476 Michigan Finance Authority's (the Charter County of Wayne Criminal Justice Center project) series 2018 senior-lien distributable state aid revenue bonds JPMorgan Chase Bank N.A. FMSbonds Inc. JPMorgan Securities LLC Daily 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
