Summary: Tender Option Bond Series 2015-ZM0099 Issued By Mesirow Municipal Funding Port Authority of New York&New Jersey; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Tender Option Bond Series 2015-ZM0099 Issued By Mesirow Municipal Funding Port Authority of New York&New Jersey; Residual Certificates; Tender Option Certificates/Bonds

Summary: Tender Option Bond Series 2015-ZM0099 Issued By Mesirow Municipal Funding Port Authority of New York&New Jersey; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Tender Option Bond Series 2015-ZM0099 Issued By Mesirow Municipal Funding Port Authority of New York&New Jersey; Residual Certificates; Tender Option Certificates/Bonds
Published Nov 10, 2015
Published Nov 10, 2015
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services assigned its 'AA-/A-1' and 'AA-' ratings to Mesirow Financial Inc.'s tender option bond series 2015-ZM0099 trust puttable floating-rate certificates (floaters) and inverse floating-rate certificates (residuals), respectively, relating to Port Authority of New York&New Jersey's 194th series consolidated bonds. This trust is issued under the common document initiative using net liquidity. For this transaction, Mesirow Financial Inc. is the trust administrator, and Municipal Funding Services LLC is the trustor. Morgan Stanley Bank N.A. is the liquidity provider. For this trust, Mesirow Financial Inc. deposited the underlying bond proceeds into an individual trust and issued new floaters and residuals on the sale date (Nov. 5, 2015). The seller has entered into an agreement with the

  
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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MLA:
S&P Global Ratings’ Credit Research. "Summary: Tender Option Bond Series 2015-ZM0099 Issued By Mesirow Municipal Funding Port Authority of New York&New Jersey; Residual Certificates; Tender Option Certificates/Bonds" Nov 10, 2015. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tender-Option-Bond-Series-2015-ZM0099-Issued-By-Mesirow-Municipal-Funding-Port-Authority-of-New-York-New-Jersey-Residual-Certificates-Tender-Option-Certificates-Bonds-1477996>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Tender Option Bond Series 2015-ZM0099 Issued By Mesirow Municipal Funding Port Authority of New York&New Jersey; Residual Certificates; Tender Option Certificates/Bonds Nov 10, 2015. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Tender-Option-Bond-Series-2015-ZM0099-Issued-By-Mesirow-Municipal-Funding-Port-Authority-of-New-York-New-Jersey-Residual-Certificates-Tender-Option-Certificates-Bonds-1477996>
  
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