Summary: New York City Mesirow Financial Inc.; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: New York City Mesirow Financial Inc.; Residual Certificates; Tender Option Certificates/Bonds

Summary: New York City Mesirow Financial Inc.; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: New York City Mesirow Financial Inc.; Residual Certificates; Tender Option Certificates/Bonds
Published Dec 29, 2022
5 pages (1913 words) — Published Dec 29, 2022
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Dec. 30, 2022 2022-XM1092 The City of New York general obligation (GO) bonds, fiscal 2018, subseries E-1 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 ratings on the underlying securities and addresses full and

  
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...

  
Report Type:

Summary

Issuer
New York City
Sector
Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: New York City Mesirow Financial Inc.; Residual Certificates; Tender Option Certificates/Bonds" Dec 29, 2022. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-York-City-Mesirow-Financial-Inc-Residual-Certificates-Tender-Option-Certificates-Bonds-2932926>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: New York City Mesirow Financial Inc.; Residual Certificates; Tender Option Certificates/Bonds Dec 29, 2022. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-York-City-Mesirow-Financial-Inc-Residual-Certificates-Tender-Option-Certificates-Bonds-2932926>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.