Summary: Mesirow Financial Inc. (Series 2023-XM1142); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Mesirow Financial Inc. (Series 2023-XM1142); Residual Certificates; Tender Option Certificates/Bonds

Summary: Mesirow Financial Inc. (Series 2023-XM1142); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Mesirow Financial Inc. (Series 2023-XM1142); Residual Certificates; Tender Option Certificates/Bonds
Published Oct 18, 2023
5 pages (1940 words) — Published Oct 18, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Oct. 18, 2023 2023-XM1142 New York State Dormitory Authority's series 2018E state sales tax revenue bonds (tax exempt) Morgan Stanley Bank N.A. Mesirow Financial Inc. Morgan Stanley&Co. LLC Weekly S&P Global Ratings assigned the above-mentioned ratings to the floater and residual certificates (collectively the certificates), reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the 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 component of our rating on the floaters reflects the ratings on the underlying securities and addresses

  
Brief Excerpt:

...S&P Global Ratings assigned the above-mentioned ratings to the floater and residual certificates (collectively the certificates), reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the certificates. Trust assets include all distributions of principal; interest; and premiums, if any, from the underlying securities and the...

  
Report Type:

Summary

Ticker
2338Z
Issuer
Dormitory Authority of the State of New York
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 2023-XM1142); Residual Certificates; Tender Option Certificates/Bonds" Oct 18, 2023. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Mesirow-Financial-Inc-Series-2023-XM1142-Residual-Certificates-Tender-Option-Certificates-Bonds-3072925>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Mesirow Financial Inc. (Series 2023-XM1142); Residual Certificates; Tender Option Certificates/Bonds Oct 18, 2023. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Mesirow-Financial-Inc-Series-2023-XM1142-Residual-Certificates-Tender-Option-Certificates-Bonds-3072925>
  
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