Moody's Assigns Aa2/VMIG 1 to Tender Option Bond Trust Floater Receipts, Series 2016-XM0459
New York, December 14, 2016-- Moody's Investors Service has assigned Aa2/VMIG 1 ratings to the Tender Option Bond Trust Puttable Floating Rate Receipts, Series 2016- XM0459. The long-term rating is based upon the rating of the underlying bonds, The City of Seattle, Washington Municipal Light and Power Improvement and Refunding Revenue Bonds, 2011 A, deposited into the trust. The short-term rating is based upon a combination of factors which includes the short-term counterparty...
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