Summary: Tender Option Bond Series 2015-XF-0110 Issued By fmsbonds Inc. CHE Trinity Health Credit Group; Residual Certificates; Tender Option Certificates/Bonds

Standard&Poor's Ratings Services affirmed its 'AA-/A-1' and 'AA-' ratings on fmsbonds Inc.'s tender option bond series 2015-XF-0110 trust puttable floating-rate receipts (floaters) and inverse floating-rate receipts (residuals), respectively, relating to Montgomery County, Md.'s (CHE Trinity Health Credit Group) series 2015MD revenue bonds. The affirmation reflects our view of a deposit of additional bonds into the trust. The long-term component of the ratings on the floaters and residuals is based on the 'AA-' rated underlying asset. The short-term component of the rating on the floaters is based on the rating on the liquidity facility provider, JPMorgan Chase Bank N.A. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined

...Standard & Poor's Ratings Services affirmed its '##-/A-1' and '##-' ratings on fmsbonds Inc.'s tender option bond series 2015-XF-0110 trust puttable floating-rate receipts (floaters) and inverse floating-rate receipts (residuals), respectively, relating to Montgomery County, Md.'s (CHE Trinity Health Credit Group) series 2015MD revenue bonds. The affirmation reflects our view of a deposit of additional bonds into the trust. The long-term component of the ratings on the floaters and residuals is based on the '##-' rated underlying asset. The short-term component of the rating on the floaters is based on the rating on the liquidity facility provider, JPMorgan Chase Bank N.A....

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