NEW YORK (S&P Global Ratings) Jan. 14, 2020--S&P Global Ratings placed 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, on CreditWatch with negative implications. This rating action follows S&P Global Ratings' placement of the underlying bond ratings on CreditWatch with negative implications. (For further information, please see the article, titled "Sutter Health CA 'AA-' Rating Placed On CreditWatch Negative On $575 Million Settlement, Mandatory Contracting Oversight," published Dec. 23, 2019, on RatingsDirect) The long-term component of the ratings on the floaters and the ratings on the residuals reflect the rating on the underlying bonds and S&P Global Ratings' expectation of the likelihood
