Summary: Loop Capital Markets LLC (Series 2023-XL0529); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Loop Capital Markets LLC (Series 2023-XL0529); Residual Certificates; Tender Option Certificates/Bonds

Summary: Loop Capital Markets LLC (Series 2023-XL0529); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Loop Capital Markets LLC (Series 2023-XL0529); Residual Certificates; Tender Option Certificates/Bonds
Published Dec 15, 2023
5 pages (1918 words) — Published Dec 15, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Dec. 15, 2023 2023-XL0529 Massachusetts' consolidated loan of 2023 series 2023D general obligation bonds Morgan Stanley Bank N.A. Loop Capital Markets LLC Morgan Stanley&Co. LLC 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 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 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 the...

  
Report Type:

Summary

Issuer
Commonwealth of Massachusetts
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 2023-XL0529); Residual Certificates; Tender Option Certificates/Bonds" Dec 15, 2023. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Loop-Capital-Markets-LLC-Series-2023-XL0529-Residual-Certificates-Tender-Option-Certificates-Bonds-3103389>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Loop Capital Markets LLC (Series 2023-XL0529); Residual Certificates; Tender Option Certificates/Bonds Dec 15, 2023. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Loop-Capital-Markets-LLC-Series-2023-XL0529-Residual-Certificates-Tender-Option-Certificates-Bonds-3103389>
  
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