Fitch Rates Tender Option Bond Series 2016-XX1040 Trust

NEW YORK–(BUSINESS WIRE)–Fitch Ratings assigns the following ratings to the Floater Certificates and Residual Certificates of the Tender Option Bond Trust series listed below: –Floater Certificates, Series 2016-XX1040 – ‘AAA/F1’, Stable Outlook; Residual Certificates, Series 2016-XX1040 -‘AAA’, Stable Outlook. KEY RATING DRIVERS The long-term ‘AAA’, Stable Outlook ratings assigned to the series 2016-XX1040 Floater and Residual Certificates and are based on the rating that Fitch has assigned