Summary: Ratings On Five Societe Generale Municipal Securities Trust Receipts Issues Lowered; Custodial Receipts; Joint Criteria; Tender Option Certificates/Bonds Feb 12
- Language: English
- Published: February 2012
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services affirmed-the long-term component of-its rating on Societe Generale Municipal Securities Trust Receipts-Series 2000 SG 136 relating to Minneapolis St Paul Metropolitan Airports Commission. This action reflects Standard & Poor's affirmation of its 'AAA' rating on the underlying bonds reflecting the investment of the escrow fund in noncallable U.S. government obligations. The outlook is not meaningful. In the future, the long-term component of the rating of the trust-should track the prerefunded rating regardless of any changes to the rating of the bond insurer that provides an insurance policy for the underlying bonds.-The long-term component of the rating is based on the underlying bonds, and the short-term component of the rating is based on a liquidity facility...
Companies mentioned in this report are: Minneapolis St Paul Metro Arpts Comm,Societe Generale Muni Secs Tr Recpts Ser SG
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Minneapolis St Paul Metro Arpts Comm,Societe Generale Muni Secs Tr Recpts Ser SG