Summary: Mesirow Financial Inc. (Series 2018-ZM0622); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Mesirow Financial Inc. (Series 2018-ZM0622); Residual Certificates; Tender Option Certificates/Bonds

Summary: Mesirow Financial Inc. (Series 2018-ZM0622); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Mesirow Financial Inc. (Series 2018-ZM0622); Residual Certificates; Tender Option Certificates/Bonds
Published Feb 24, 2021
5 pages (1757 words) — Published Feb 24, 2021
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Feb. 25, 2021 2018-ZM0622 San Antonio, Texas' series 2013 electric and gas systems junior-lien revenue bonds Morgan Stanley Bank N.A. Mesirow Financial Inc. Morgan Stanley&Co. LLC 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

  
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 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...

  
Report Type:

Summary

Ticker
2870Z
Issuer
San Antonio
Sector
Global Issuers, Public Finance, Structured 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: Mesirow Financial Inc. (Series 2018-ZM0622); Residual Certificates; Tender Option Certificates/Bonds" Feb 24, 2021. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Mesirow-Financial-Inc-Series-2018-ZM0622-Residual-Certificates-Tender-Option-Certificates-Bonds-2600859>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Mesirow Financial Inc. (Series 2018-ZM0622); Residual Certificates; Tender Option Certificates/Bonds Feb 24, 2021. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Mesirow-Financial-Inc-Series-2018-ZM0622-Residual-Certificates-Tender-Option-Certificates-Bonds-2600859>
  
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