Summary: FMSbonds Inc. (Series 2024-XF3221); Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMSbonds Inc. (Series 2024-XF3221); Tender Option Certificates/Bonds

Summary: FMSbonds Inc. (Series 2024-XF3221); Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMSbonds Inc. (Series 2024-XF3221); Tender Option Certificates/Bonds
Published Mar 27, 2024
5 pages (1828 words) — Published Mar 27, 2024
Price US$ 225.00  |  Buy this Report Now

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Abstract:

March 27, 2024 2024-XF3221 Michigan State Housing Development Authority's series 2024A single-family mortgage revenue bonds (social bonds) (nonalternative-minimum tax) Barclays Bank PLC FMSbonds Inc. Barclays Capital Inc. Weekly S&P Global Ratings assigned the above-mentioned ratings to the floater certificates, reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the floater certificates. 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 when certificateholders

  
Brief Excerpt:

...Michigan State Housing Development Authority's series 2024A single-family mortgage revenue bonds (social bonds) (nonalternative-minimum tax)...

  
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Summary

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: FMSbonds Inc. (Series 2024-XF3221); Tender Option Certificates/Bonds" Mar 27, 2024. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2024-XF3221-Tender-Option-Certificates-Bonds-3145334>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMSbonds Inc. (Series 2024-XF3221); Tender Option Certificates/Bonds Mar 27, 2024. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2024-XF3221-Tender-Option-Certificates-Bonds-3145334>
  
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