Sept. 28, 2023 2023-XM1133 City of Philadelphia, Pennsylvania water and wastewater revenue bonds, series 2023B JPMorgan Chase Bank, N.A. Mesirow Financial, Inc. J.P. Morgan Securities LLC 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 higher of the ratings on the underlying securities or the insurance
