Summary: Societe Generale Municipal Securities Trust Receipts Series 1994 SG3 Aug 08
Standard & Poors, August 2008
Abstract
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
Action: Downgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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.
- Illinois Regl Transp Auth
- Societe Generale Muni Secs Tr Recpts Ser SG
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