Summary: Loop Capital Markets LLC (Series 2024-XL0573); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Loop Capital Markets LLC (Series 2024-XL0573); Residual Certificates; Tender Option Certificates/Bonds

Summary: Loop Capital Markets LLC (Series 2024-XL0573); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Loop Capital Markets LLC (Series 2024-XL0573); Residual Certificates; Tender Option Certificates/Bonds
Published Dec 18, 2024
5 pages (1933 words) — Published Dec 18, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Dec. 18, 2024 2024-XL0573 Michigan State Housing Development Authority, rental housing revenue bonds, 2023 series A UBS AG, Stamford Branch Loop Capital Markets LLC UBS Financial Services Inc. Daily 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 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 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...

  
Report Type:

Summary

Issuer
Michigan State Housing Development Authority
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 2024-XL0573); Residual Certificates; Tender Option Certificates/Bonds" Dec 18, 2024. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Loop-Capital-Markets-LLC-Series-2024-XL0573-Residual-Certificates-Tender-Option-Certificates-Bonds-3301610>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Loop Capital Markets LLC (Series 2024-XL0573); Residual Certificates; Tender Option Certificates/Bonds Dec 18, 2024. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Loop-Capital-Markets-LLC-Series-2024-XL0573-Residual-Certificates-Tender-Option-Certificates-Bonds-3301610>
  
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