Dec. 5, 2023 2023-ZL0524 Massachusetts' consolidated loan of 2023 series 2023D general obligation bonds Wells Fargo Bank N.A. Loop Capital Markets LLC Wells Fargo Bank N.A. 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 interest-and-principal
