Summary: Stifel, Nicolaus&Co. (Series 2022-XG0394); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Stifel, Nicolaus&Co. (Series 2022-XG0394); Residual Certificates; Tender Option Certificates/Bonds

Summary: Stifel, Nicolaus&Co. (Series 2022-XG0394); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Stifel, Nicolaus&Co. (Series 2022-XG0394); Residual Certificates; Tender Option Certificates/Bonds
Published Jul 11, 2022
5 pages (1937 words) — Published Jul 11, 2022
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

July 12, 2022 2022-XG0394 New York&New Jersey Port Authority's series 221st consolidated revenue bonds Bank of America N.A. Stifel, Nicolaus&Co. BofA Securities Inc. 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 timely interest-and-principal

  
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 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...

  
Report Type:

Summary

Issuer
Port Authority of New York&New Jersey
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Stifel, Nicolaus&Co. (Series 2022-XG0394); Residual Certificates; Tender Option Certificates/Bonds" Jul 11, 2022. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Stifel-Nicolaus-Co-Series-2022-XG0394-Residual-Certificates-Tender-Option-Certificates-Bonds-2864847>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Stifel, Nicolaus&Co. (Series 2022-XG0394); Residual Certificates; Tender Option Certificates/Bonds Jul 11, 2022. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Stifel-Nicolaus-Co-Series-2022-XG0394-Residual-Certificates-Tender-Option-Certificates-Bonds-2864847>
  
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