Summary: FMSbonds Inc. (Series 2023-XF1575); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMSbonds Inc. (Series 2023-XF1575); Residual Certificates; Tender Option Certificates/Bonds

Summary: FMSbonds Inc. (Series 2023-XF1575); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMSbonds Inc. (Series 2023-XF1575); Residual Certificates; Tender Option Certificates/Bonds
Published Aug 09, 2023
5 pages (1946 words) — Published Aug 09, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Aug. 9, 2023 2023-XF1575 Denver, Colo.'s (Denver Department of Aviation) series 2022D airport system revenue bonds (alternative-minimum tax) 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

  
Brief Excerpt:

...Denver, Colo.'s (Denver Department of Aviation) series 2022D airport system revenue bonds (alternative-minimum tax)...

  
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-XF1575); Residual Certificates; Tender Option Certificates/Bonds" Aug 09, 2023. Alacra Store. May 14, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2023-XF1575-Residual-Certificates-Tender-Option-Certificates-Bonds-3032771>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMSbonds Inc. (Series 2023-XF1575); Residual Certificates; Tender Option Certificates/Bonds Aug 09, 2023. New York, NY: Alacra Store. Retrieved May 14, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2023-XF1575-Residual-Certificates-Tender-Option-Certificates-Bonds-3032771>
  
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.