FMSbonds Inc. Series 2015-XF2190 Bond Ratings Reinstated

Stocks and Financial Services Press Releases Wednesday October 18, 2017 09:00
NEW YORK--18 Oct--S&P Global Ratings

NEW YORK (S&P Global Ratings) Oct. 17, 2017--S&P Global Ratings corrected by reinstating its 'AA/A-1' and 'AA' ratings on FMSbonds Inc.'s series 2015-XF2190 tender option bond, trust puttable floating-rate receipts (floaters) and inverse floating-rate receipts (residuals), respectively, related to Kansas Development Finance Authority's hospital revenue bonds (Issue of 2009D).

The long-term components of the ratings on the floaters and the ratings on the residuals reflect the ratings on the underlying bonds, as well as our expectation of the likelihood of bondholders receiving interest and principal payments when due if they do not exercise their put option.

The short-term components of the ratings reflect the lower of our ratings on the respective liquidity providers and the correlated short-term rating of the long-term rating on the underlying security. The short-term rating reflects our opinion of the likelihood of bondholders receiving interest and principal payments if they exercise their put option.

Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at www.standardandpoors.com for further information. Complete ratings information is available to subscribers of RatingsDirect at www.capitaliq.com. All ratings affected by this rating action can be found on the S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column.


Latest Press Release

TQM to float 75m IPO shares to finance online platform introduction for digital insurance

SEC has start counting Day 1 on TQM's filing for an IPO of up to 75,000,00 shares at THB 1.0 each, to raise fund to development an online platform that will suit the current digital environment. TQM's management are working to grow the company's four...

UOB and Grab announce strategic regional alliance to accelerate the use of digital services among ASEAN#s consumers

Alliance will fuel Grab's ambition to build ASEAN's first everyday "super app" and complement UOB's efforts to scale up its regional customer franchise United Overseas Bank Limited (UOB) and Grab today announced they have entered into a strategic...

Photo Release: KBank teams with Thai Lion Air to kick off air ticket payment service via QR code

Mr. Vallop Vongjitvuttikrai (second from left), KBank Executive Vice President, and Mr. Aswin Yangkirativorn, Chief Executive Officer of Thai Lion Mentari Co.,Ltd., launched the payment-acceptance service for Thai Lion Air tickets via QR code on K PLUS...

Alibaba Group Announces September Quarter 2018 Results

Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended September 30, 2018. "Alibaba had another strong quarter of rapid growth. In particular, annual active consumers increased by 25 million to reach 601...

Photo Release: KBank welcomes participants of Dream toward Government House Realized by the Military Program

Recently, at KBank Rat Burana Main Branch, President Kattiya Indaravijaya welcomed the youths who take part in the "Dream toward Government House Realized by the Military" Program Class 5 of 2018, organized by Suranaree Force and Internal Security...

Related Topics