Summary: FMSbonds Inc. (Series 2024-CF7008); Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMSbonds Inc. (Series 2024-CF7008); Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds

Summary: FMSbonds Inc. (Series 2024-CF7008); Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMSbonds Inc. (Series 2024-CF7008); Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds
Published Oct 23, 2024
6 pages (2047 words) — Published Oct 23, 2024
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Oct. 24, 2024 2024-CF7008 Freddie Mac's series WE5024 and WE5032 multifamily mortgage participation certificates (social bonds) Citibank N.A. FMSbonds Inc. Morgan Stanley Bank N.A. Citibank N.A. Weekly S&P Global Ratings assigned the above-mentioned ratings to the custody, floater, and residual receipts (collectively the receipts), reflecting its opinion of the likelihood the trust, as custody receiptholder, 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 custody receipts and liquidity facility, which is in place to support tender payments on floaters. The long-term rating on the custody receipts reflects the ratings on the credit-enhancement provider. The long-term component of our rating

  
Brief Excerpt:

...Freddie Mac's series WE5024 and WE5032 multifamily mortgage participation certificates (social bonds)...

  
Report Type:

Summary

Ticker
FRE
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: FMSbonds Inc. (Series 2024-CF7008); Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds" Oct 23, 2024. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2024-CF7008-Custodial-Receipts-Residual-Certificates-Tender-Option-Certificates-Bonds-3273635>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMSbonds Inc. (Series 2024-CF7008); Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds Oct 23, 2024. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2024-CF7008-Custodial-Receipts-Residual-Certificates-Tender-Option-Certificates-Bonds-3273635>
  
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