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-ZM0081 'AA-/F1', Stable Outlook;
--Residual certificates, series 2015-ZM0081 'AA-', Stable Outlook.

KEY RATING DRIVERS

The long-term 'AA-', Stable Outlook ratings assigned to the series 2015-ZM0081 floater certificates and series 2015-ZM0081 residual certificates are based on the ratings that Fitch has assigned to General Authority of Southcentral Pennsylvania revenue bonds, series 2014A (WellSpan Health Obligated Group) term bonds (rated 'AA-', Stable Outlook) that have been deposited in the series 2015-ZM0081 trust.

The short-term 'F1' rating assigned to the 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 July 15, 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 trust. 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 that rating.