OREANDA-NEWS. 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 2015-XF2160 'AA+/F1', Stable Outlook; Residual Certificates, Series 2015-XF2160 'AA+', Stable Outlook.

KEY RATING DRIVERS

The long-term 'AA+', Stable Outlook rating assigned to the series 2015-XF2160 Floater Certificates and series 2015-XF2160 Residual Certificates is based on the rating that Fitch has assigned to Illinois Finance Authority (University of Chicago) Revenue Bonds, Series 2015A (rated 'AA+', Stable Outlook) that have been deposited in the series 2015-XF2160 trust.

The short-term 'F1' rating assigned to the Floater Certificates is based on the liquidity facility provided by Barclays Bank PLC (rated 'A/F1', Stable Outlook) in the form of a liquidity and loan agreement, which has a stated expiration date of Sept. 1, 2016, unless such date is extended or earlier terminated.

RATING SENSITIVITIES

The short-term rating assigned to the Floater Certificates reflects the short-term rating that Fitch maintains on the bank providing liquidity support and will be adjusted upward or downward in conjunction with the short-term rating of the bank, and, in some cases, the long-term rating of the underlying bonds deposited in the trusts. The long-term ratings assigned to the Floater Certificates and Residual Certificates are exclusively tied to the creditworthiness of the underlying bonds deposited in the trust and will reflect all changes to the underlying bond rating.