Standard & Poor's Ratings Services lowered its long-term component of the rating on Societe Generale Municipal Securities Trust Receipts Series 1994 SG3 relating to Illinois Regional Transportation Authority to 'AA+' from 'AAA'. This action follows Standard & Poor's downgrade of the underlying bond to 'AA+' from 'AAA'. The long-term component of the rating is based on the underlying bond. The short-term component of the rating is based on Societe Generale. The expiration date of the liquidity facility is Jan. 1, 2009....
Companies mentioned in this report are:
- Illinois Regl Transp Auth
- Societe Generale Muni Secs Tr Recpts Ser SG
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