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Summary: Societe Generale Municipal Securities Trust Receipts Series 2001 SG154; Tender Option Certificates/Bonds
Standard & Poors, February 2009
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.
Standard & Poor's Ratings Services has removed its 'AAA/A-1+' rating on Societe Generale Municipal Securities Trust Receipts series 2001 SG154, relating to Galena Park Independent School District, from CreditWatch with negative implications. 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....
Companies mentioned in this report are: Galena Park Indpt Sch Dist,Societe Generale Muni Secs Tr Recpts Ser SG
Action: Removed From CreditWatch
Galena Park Indpt Sch Dist,Societe Generale Muni Secs Tr Recpts Ser SG