Summary: Greater Orlando Aviation Authority, Florida Mesirow Financial, Inc.; Residual Certificates; Tender Option Certificates/Bonds

S&P Global Ratings raised its ratings on 18 tender-option bond trust receipts issued by FMSbonds Inc. and Mesirow Financial Inc., related to various underlying bonds. This rating action follows S&P Global Ratings' upgrade of its ratings on the underlying bonds. (For further information, please see "Greater Orlando Aviation Authority, FL Senior-Lien Bond Rating Raised To 'AA-' From 'A+' On Strength Of Recovery," published Jan. 19, 2022, on RatingsDirect.) The long-term component of the ratings on the floaters and the ratings on the residuals reflect the rating on the underlying bonds as well as S&P Global Ratings' expectation of the likelihood of bondholders receiving interest and principal payments when due if they do not exercise their put option. The short-term component

...FMS Bonds, Inc., Florida Greater Orlando Aviation Auth, Florida FMS Bonds, Inc. (Greater Orlando Aviation Auth) Floater Ser 2019-ZF0822 re Greater Orlando Aviation Authority airport facilities revenue bonds series Long Term Rating ##-/A-1 Upgraded FMS Bonds, Inc. (Greater Orlando Aviation Auth) Floater Ser 2020-XF2877 re Greater Orlando Aviation Authority arpt facs rev bnds ser 2019A Long Term Rating ##-/A-1 Upgraded FMS Bonds, Inc. (Greater Orlando Aviation Auth) Floater Ser 2020-ZF0974 re Greater Orlando Aviation Auth arpt facs rev bnds ser 2019A Long Term Rating ##-/A-1 Upgraded FMS Bonds, Inc. (Greater Orlando Aviation Auth) Residual Ser 2019ZF0822 re Greater Orlando Aviation Auth airport facilities rev bnds ser 2019A Long Term Rating ##- Upgraded...

Summary