Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11945; Residual Certificates; Tender Option Certificates/Bonds Apr 11
- ID: 1712108
- April 2011
- Region: Global
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA/A-1' and 'AAA' ratings to Citigroup Global Markets ROCs/ROLs II-R Trust's series 11945, relating to New York State Environmental Facilities Corp.'s state clean water and drinking water revolving funds revenue bonds series 2006C (Pooled Financing Program Subordinated MFI Bonds). The long-term component of the rating is based on the underlying bonds (AAA). The short-term component of the rating is based on a liquidity facility provided by Citibank N.A. (A-1). The short-term component of the rating on the ROCs is based on a shortfall liquidity swap agreement, where the swap counterparty is Citibank N.A. Optionally tendered ROCs that are not remarketed will be purchased from the proceeds of the sale of a pro rata...
Companies mentioned in this report are:
- New York St Envir Facs Corp
- Citigroup Global Markets ROCs/ROLs II-R Tr
Action: New Rating
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