Summary: Loop Capital Markets LLC (Series 2021-XL0195); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Loop Capital Markets LLC (Series 2021-XL0195); Residual Certificates; Tender Option Certificates/Bonds

Summary: Loop Capital Markets LLC (Series 2021-XL0195); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Loop Capital Markets LLC (Series 2021-XL0195); Residual Certificates; Tender Option Certificates/Bonds
Published Dec 09, 2021
5 pages (1930 words) — Published Dec 09, 2021
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Dec. 9, 2021 2021-XL0195 King County, Wash.'s series 2020A sewer improvement and refunding revenue bonds Morgan Stanley Bank N.A. Loop Capital Markets LLC Morgan Stanley&Co. LLC S&P Global Ratings assigned the above-mentioned ratings to the floater and residual receipts (collectively the receipts), reflecting its opinion of the likelihood the trust 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 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

  
Brief Excerpt:

...S&P Global Ratings assigned the above-mentioned ratings to the floater and residual receipts (collectively the receipts), reflecting its opinion of the likelihood the trust 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 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...

  
Report Type:

Summary

Issuer
King County
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Loop Capital Markets LLC (Series 2021-XL0195); Residual Certificates; Tender Option Certificates/Bonds" Dec 09, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Loop-Capital-Markets-LLC-Series-2021-XL0195-Residual-Certificates-Tender-Option-Certificates-Bonds-2768928>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Loop Capital Markets LLC (Series 2021-XL0195); Residual Certificates; Tender Option Certificates/Bonds Dec 09, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Loop-Capital-Markets-LLC-Series-2021-XL0195-Residual-Certificates-Tender-Option-Certificates-Bonds-2768928>
  
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