NEW YORK (S&P Global Ratings) April 9, 2020--S&P Global Ratings lowered its ratings on 55 tender-option bond trust receipts issued by FMSbonds Inc.; Mesirow Municipal Funding; Mesirow Financial Inc.; and George K. Baum&Co., related to various underlying bonds, and subsequently removed them from CreditWatch with negative implications where S&P Global Ratings placed them on Jan. 13, 2020. (Please see the table.) This rating action follows S&P Global Ratings' lowering of its underlying bond ratings and subsequent removal from CreditWatch with negative implications where S&P Global Ratings placed them on Dec. 23, 2019. (For further information, please see the article, titled "Sutter Health, CA Debt Rating Lowered To 'A+' On Expected Weaker Financial Performance," published April 1, 2020, on