Summary: FMSbonds Inc. (Series 2024-XF3224); Joint Criteria - S&P Global Ratings’ Credit Research

Summary: FMSbonds Inc. (Series 2024-XF3224); Joint Criteria

Summary: FMSbonds Inc. (Series 2024-XF3224); Joint Criteria - S&P Global Ratings’ Credit Research
Summary: FMSbonds Inc. (Series 2024-XF3224); Joint Criteria
Published Apr 18, 2024
6 pages (1940 words) — Published Apr 18, 2024
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Abstract:

April 18, 2024 2024-XF3224 Metropolitan Transportation Authority, N.Y.'s series 2024A transportation revenue refunding green bonds (climate bond certified) Barclays Bank PLC FMSbonds Inc. Barclays Capital Inc Barclays Bank PLC Daily S&P Global Ratings assigned the above-mentioned ratings to the custody and floater 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 floater 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 jointly reflects, assuming low correlation, the ratings on the underlying

  
Brief Excerpt:

... 2024A transportation revenue refunding green bonds (climate bond certified)...

  
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MLA:
S&P Global Ratings’ Credit Research. "Summary: FMSbonds Inc. (Series 2024-XF3224); Joint Criteria" Apr 18, 2024. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2024-XF3224-Joint-Criteria-3155249>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMSbonds Inc. (Series 2024-XF3224); Joint Criteria Apr 18, 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-XF3224-Joint-Criteria-3155249>
  
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