Summary: Loop Capital Markets LLC (Series 2023-XL0414); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Loop Capital Markets LLC (Series 2023-XL0414); Residual Certificates; Tender Option Certificates/Bonds

Summary: Loop Capital Markets LLC (Series 2023-XL0414); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Loop Capital Markets LLC (Series 2023-XL0414); Residual Certificates; Tender Option Certificates/Bonds
Published Jan 20, 2023
5 pages (1963 words) — Published Jan 20, 2023
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Jan. 20, 2023 2023-XL0414 New York State Dormitory Authority's series 2021A state personal income tax revenue bonds (general purpose) Citibank N.A. Loop Capital Markets LLC Citigroup Global Markets Inc. Weekly 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

  
Brief Excerpt:

...New York State Dormitory Authority's series 2021A state personal income tax revenue bonds (general purpose)...

  
Report Type:

Summary

Ticker
2338Z
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Loop Capital Markets LLC (Series 2023-XL0414); Residual Certificates; Tender Option Certificates/Bonds" Jan 20, 2023. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Loop-Capital-Markets-LLC-Series-2023-XL0414-Residual-Certificates-Tender-Option-Certificates-Bonds-2939352>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Loop Capital Markets LLC (Series 2023-XL0414); Residual Certificates; Tender Option Certificates/Bonds Jan 20, 2023. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Loop-Capital-Markets-LLC-Series-2023-XL0414-Residual-Certificates-Tender-Option-Certificates-Bonds-2939352>
  
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