July 27, 2020 2020-XM0895 Broward County, Fla., Airport System Revenue Bonds, series 2019A (AMT) 2020-XM0896 Greater Orlando Aviation Authority airport facilities revenue bonds, series 2019A (AMT) of the City of Orlando, Florida JPMorgan Chase Bank N.A. Mesirow Financial Inc. JPMorgan Securities 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
