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 2016-XF2213 'AA/F1', Stable Outlook; Residual Certificates, Series 2016 XF2213 'AA', Stable Outlook;
--Floater Certificates, Series 2016-XF2214 'AA/F1', Stable Outlook; Residual Certificates, Series 2016 XF2214 'AA', Stable Outlook.

KEY RATING DRIVERS

The long-term 'AA', Stable Outlook ratings assigned to both series of Floater and Residual Certificates are based on the rating that Fitch has assigned to City of Tampa, Florida, Health System Revenue Bonds, Baycare Health System Issue, Series 2016A, term bonds (rated 'AA', Stable Outlook) that have been deposited in the trusts.

The short-term 'F1' rating assigned to the series 2016-XF2213 Floater Certificates is based on the liquidity facility provided by Morgan Stanley Bank, N.A. (rated 'A+/F1', Stable Outlook), which has a stated expiration date of March 15, 2017, unless such date is extended or earlier terminated.

The short-term 'F1' rating assigned to the series 2016-XF2214 Floater Certificates is based on the liquidity facility provided by Citibank, N.A. (rated 'A+/F1', Stable Outlook), which has a stated expiration date of March 15, 2017, unless such date is extended or earlier terminated.

RATING SENSITIVITIES

The short-term ratings assigned to the Floater Certificates will be adjusted upward or downward in conjunction with the short-term ratings of the banks, and, in some cases, the long-term rating of the underlying bonds deposited in the trusts. The long-term ratings assigned to the Floater and Residual Certificates are exclusively tied to the creditworthiness of the underlying bonds deposited in the trusts and will reflect all changes to such rating.