Summary: FMSbonds Inc. (Series 2023-XF1527); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMSbonds Inc. (Series 2023-XF1527); Residual Certificates; Tender Option Certificates/Bonds

Summary: FMSbonds Inc. (Series 2023-XF1527); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMSbonds Inc. (Series 2023-XF1527); Residual Certificates; Tender Option Certificates/Bonds
Published Apr 24, 2023
5 pages (1930 words) — Published Apr 24, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

April 24, 2023 2023-XF1527 California Health Facilities Financing Authority's (Cedars-Sinai Health System) series 2021A revenue bonds 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 timely interest-and-principal payments

  
Brief Excerpt:

... (Cedars-Sinai Health System) series 2021A revenue bonds...

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: FMSbonds Inc. (Series 2023-XF1527); Residual Certificates; Tender Option Certificates/Bonds" Apr 24, 2023. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2023-XF1527-Residual-Certificates-Tender-Option-Certificates-Bonds-2977607>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMSbonds Inc. (Series 2023-XF1527); Residual Certificates; Tender Option Certificates/Bonds Apr 24, 2023. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2023-XF1527-Residual-Certificates-Tender-Option-Certificates-Bonds-2977607>
  
US$ 225.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.