Summary: Loop Capital Markets LLC (Series 2024-XL0549); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Loop Capital Markets LLC (Series 2024-XL0549); Residual Certificates; Tender Option Certificates/Bonds

Summary: Loop Capital Markets LLC (Series 2024-XL0549); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Loop Capital Markets LLC (Series 2024-XL0549); Residual Certificates; Tender Option Certificates/Bonds
Published May 15, 2024
6 pages (1954 words) — Published May 15, 2024
Price US$ 225.00  |  Buy this Report Now

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Abstract:

May 14, 2024 2024-XL0549 Colorado Springs, Colo.'s series 2023A utilities system improvement revenue bonds Bank of America N.A. Loop Capital Markets LLC BofA Securities 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 and timely interest-and-principal payments

  
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...

  
Report Type:

Summary

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Loop Capital Markets LLC (Series 2024-XL0549); Residual Certificates; Tender Option Certificates/Bonds" May 15, 2024. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Loop-Capital-Markets-LLC-Series-2024-XL0549-Residual-Certificates-Tender-Option-Certificates-Bonds-3174080>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Loop Capital Markets LLC (Series 2024-XL0549); Residual Certificates; Tender Option Certificates/Bonds May 15, 2024. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Loop-Capital-Markets-LLC-Series-2024-XL0549-Residual-Certificates-Tender-Option-Certificates-Bonds-3174080>
  
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