Fitch Rates 14 Tender Option Bond Series 2016-XM Trusts

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has assigned the following ratings to the Floater Certificates and Residual Certificates of the Tender Option Bond Trust series listed below: –Floater Certificates, Series 2016-XM0433 ‘AA/F1’, Stable Outlook; Residual Certificates, Series 2016-XM0433 ‘AA’, Stable Outlook; –Floater Certificates, Series 2016-XM0434 ‘AA/F1’, Stable Outlook; Residual Certificates, Series 2016-XM0434 ‘AA’, Stable Outlook; –Floater Certificates, Series 2016-XM0435 ‘AA+/F1’,