Summary: Loop Capital Markets LLC (Series 2022-XL0353); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Loop Capital Markets LLC (Series 2022-XL0353); Residual Certificates; Tender Option Certificates/Bonds

Summary: Loop Capital Markets LLC (Series 2022-XL0353); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Loop Capital Markets LLC (Series 2022-XL0353); Residual Certificates; Tender Option Certificates/Bonds
Published Jan 25, 2024
5 pages (1709 words) — Published Jan 25, 2024
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Jan. 25, 2024 2022-XL0353 New York City's fiscal series 2021F-1 general obligation bonds Wells Fargo Bank N.A. Loop Capital Markets LLC Wells Fargo Bank N.A. Weekly S&P Global Ratings affirmed the above-mentioned ratings on the floater and residual certificates (collectively the certificates), following the replacement of the liquidity provider to Wells Fargo Bank N.A. from Citibank N.A. The rating action reflects S&P Global Ratings' opinion of the likelihood that 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 the liquidity facility, which is in place to support tender payments on the floaters. The long-term

  
Brief Excerpt:

...S&P Global Ratings affirmed the above-mentioned ratings on the floater and residual certificates (collectively the certificates), following the replacement of the liquidity provider to Wells Fargo Bank N.A. from Citibank N.A. The rating action reflects S&P Global Ratings' opinion of the likelihood that the trust will have sufficient assets to pay...

  
Report Type:

Summary

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Global Issuers, Public Finance, Structured Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Loop Capital Markets LLC (Series 2022-XL0353); Residual Certificates; Tender Option Certificates/Bonds" Jan 25, 2024. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Loop-Capital-Markets-LLC-Series-2022-XL0353-Residual-Certificates-Tender-Option-Certificates-Bonds-3117561>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Loop Capital Markets LLC (Series 2022-XL0353); Residual Certificates; Tender Option Certificates/Bonds Jan 25, 2024. 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-2022-XL0353-Residual-Certificates-Tender-Option-Certificates-Bonds-3117561>
  
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