DATELINE--S&P Global Ratings lowered its long-term ratings on 18 tender-option bond trust receipts issued by FMS Bonds Inc. and Mesirow Financial Inc. related to various underlying bonds, and removed the ratings from CreditWatch with negative implications, where they had been placed on Jan. 20, 2022. (Please see the table.) This rating action follows S&P Global Ratings' lowering of its ratings on the underlying bonds and removing the ratings from CreditWatch negative, where they had been placed on Jan. 20, 2022. "The long-term component of the ratings on the floaters and the ratings on the residuals reflect the rating on the underlying bonds and our expectation of the likelihood of bondholders receiving interest-and-principal payments when due if they do not exercise
