Summary: FMSbonds Inc. (Series 2025-ZF3366); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: FMSbonds Inc. (Series 2025-ZF3366); Residual Certificates; Tender Option Certificates/Bonds

Summary: FMSbonds Inc. (Series 2025-ZF3366); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: FMSbonds Inc. (Series 2025-ZF3366); Residual Certificates; Tender Option Certificates/Bonds
Published May 01, 2025
Published May 01, 2025
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Abstract:

May 1, 2025 2025-ZF3366 Pennsylvania Housing Finance Agency's series 2023-142A single-family mortgage revenue bonds (nonalternative-minimum tax) (social bonds) Wells Fargo Bank N.A. FMSbonds Inc. Wells Fargo Bank N.A. Weekly S&P Global Ratings assigned the above-mentioned ratings to the floater and residual certificates (collectively the certificates), reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the certificates. Trust assets include all distributions of principal; interest; and premiums, if any, from the underlying securities and 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

  
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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 2025-ZF3366); Residual Certificates; Tender Option Certificates/Bonds" May 01, 2025. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2025-ZF3366-Residual-Certificates-Tender-Option-Certificates-Bonds-3362807>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: FMSbonds Inc. (Series 2025-ZF3366); Residual Certificates; Tender Option Certificates/Bonds May 01, 2025. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-FMSbonds-Inc-Series-2025-ZF3366-Residual-Certificates-Tender-Option-Certificates-Bonds-3362807>
  
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