Summary: Stifel, Nicolaus&Co. (Series 2022-XG0357); Custodial Receipts; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Stifel, Nicolaus&Co. (Series 2022-XG0357); Custodial Receipts; Tender Option Certificates/Bonds

Summary: Stifel, Nicolaus&Co. (Series 2022-XG0357); Custodial Receipts; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Stifel, Nicolaus&Co. (Series 2022-XG0357); Custodial Receipts; Tender Option Certificates/Bonds
Published Feb 24, 2022
5 pages (1958 words) — Published Feb 24, 2022
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Feb. 25, 2022 2022-XG0357 Oakland Unified School District, Calif.'s (Alameda County) (election of 2020) series 2021A general obligation bonds Bank of America N.A. Stifel, Nicolaus&Co. BofA Securities Inc. Bank of America N.A. 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 receiptholder, will have sufficient assets to pay timely interest and full principal when due on the floater receipts. Trust assets include all distributions of principal; interest; and premiums, if any, from the custody receipts and liquidity facility, which is in place to support tender payments on floaters. The long-term rating on the custody receipts reflects the higher of the ratings

  
Brief Excerpt:

...Oakland Unified School District, Calif.'s (Alameda County) (election of 2020) series 2021A general obligation bonds...

  
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Summary

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Stifel, Nicolaus&Co. (Series 2022-XG0357); Custodial Receipts; Tender Option Certificates/Bonds" Feb 24, 2022. Alacra Store. May 15, 2024. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Stifel-Nicolaus-Co-Series-2022-XG0357-Custodial-Receipts-Tender-Option-Certificates-Bonds-2800928>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Stifel, Nicolaus&Co. (Series 2022-XG0357); Custodial Receipts; Tender Option Certificates/Bonds Feb 24, 2022. New York, NY: Alacra Store. Retrieved May 15, 2024 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Stifel-Nicolaus-Co-Series-2022-XG0357-Custodial-Receipts-Tender-Option-Certificates-Bonds-2800928>
  
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