Summary: Mesirow Financial Inc. (Series 2022-XM1053); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Mesirow Financial Inc. (Series 2022-XM1053); Residual Certificates; Tender Option Certificates/Bonds

Summary: Mesirow Financial Inc. (Series 2022-XM1053); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Mesirow Financial Inc. (Series 2022-XM1053); Residual Certificates; Tender Option Certificates/Bonds
Published Jan 18, 2024
5 pages (1704 words) — Published Jan 18, 2024
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Jan. 18, 2024 2022-XM1053 New York City's fiscal 2023B-1 general obligation bonds Morgan Stanley Bank N.A. Mesirow Financial Inc. Morgan Stanley&Co. LLC Weekly S&P Global Ratings affirmed the above-mentioned ratings on the floater and residual certificates (collectively the certificates), following the replacement of the liquidity provider to Morgan Stanley Bank N.A. from Citibank N.A. The rating action reflects S&P Global Ratings' opinion of the likelihood that the trust will have sufficient assets to pay timely interest and full principal when due on the floater 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

  
Brief Excerpt:

...S&P Global Ratings affirmed the above-mentioned ratings on the floater and residual certificates (collectively the certificates), following the replacement of the liquidity provider to Morgan Stanley Bank N.A. from Citibank N.A. The rating action reflects S&P Global Ratings' opinion of the likelihood that the trust will have sufficient assets to pay...

  
Report Type:

Summary

Issuer
Sector
Public Finance, Structured Finance
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Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Mesirow Financial Inc. (Series 2022-XM1053); Residual Certificates; Tender Option Certificates/Bonds" Jan 18, 2024. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Mesirow-Financial-Inc-Series-2022-XM1053-Residual-Certificates-Tender-Option-Certificates-Bonds-3113979>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Mesirow Financial Inc. (Series 2022-XM1053); Residual Certificates; Tender Option Certificates/Bonds Jan 18, 2024. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Mesirow-Financial-Inc-Series-2022-XM1053-Residual-Certificates-Tender-Option-Certificates-Bonds-3113979>
  
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