...Standard & Poor's Ratings Services assigned its '##-/A-1' and '##-' ratings to Mesirow Municipal Funding's tender option bond series 2015-ZM0102 trust puttable floating-rate certificates (floaters) and inverse floating-rate certificates (residuals), respectively, relating to California Health Facilities Financing Authority's series 2015 fixed-rate refunding bonds (term bonds) issued for Sutter Health. 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. 12, 2015). The seller has entered into an agreement with the trustee on behalf of the trust, substantially in the form of exhibit I to the master terms, pursuant to which the seller...
