Summary: RIB Floater Trust (Series 2018-FR/RI-026); Joint Criteria - S&P Global Ratings’ Credit Research

Summary: RIB Floater Trust (Series 2018-FR/RI-026); Joint Criteria

Summary: RIB Floater Trust (Series 2018-FR/RI-026); Joint Criteria - S&P Global Ratings’ Credit Research
Summary: RIB Floater Trust (Series 2018-FR/RI-026); Joint Criteria
Published Dec 17, 2018
6 pages (2293 words) — Published Dec 17, 2018
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Series 2018-FR/RI-026 RIB Floater Trust receipts Metropolitan Transportation Authority, N.Y.'s series 2015A, subseries 2015A-1, and series 2014C transportation revenue bonds Custody receipts Barclays Bank PLC Barclays Bank PLC Barclays Bank PLC Deutsche Bank Trust Co. Americas Barclays Bank PLC S&P Global Ratings assigned the above-mentioned ratings to the custody and floater receipts (collectively the receipts), reflecting its opinion of the likelihood the trust, as custody receipt holder, will have sufficient assets to pay timely interest and full principal when due on the floater receipts. The receipts are a premium tender-option bonds (TOB) trust structure, in which the trust issues floater receipts in an amount greater than the par amount of the underlying municipal securities. The trust's underlying assets are custody

  
Brief Excerpt:

... 2015A, subseries 2015A-1, and series 2014C transportation revenue bonds...

  
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MLA:
S&P Global Ratings’ Credit Research. "Summary: RIB Floater Trust (Series 2018-FR/RI-026); Joint Criteria" Dec 17, 2018. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-RIB-Floater-Trust-Series-2018-FR-RI-026-Joint-Criteria-2145504>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: RIB Floater Trust (Series 2018-FR/RI-026); Joint Criteria Dec 17, 2018. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-RIB-Floater-Trust-Series-2018-FR-RI-026-Joint-Criteria-2145504>
  
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