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Summary: Florida Aug 03 Product Image

Summary: Florida Aug 03

  • ID: 1716501
  • August 2003
  • Region: Florida
  • Standard & Poors

Abstract
Citigroup Global Markets Reset Option Certificates II-R Trust (Florida) Series 4041, relating to Florida Department of Transportation turnpike revenue refunding bonds series 2003B, are rated 'AAA/A-1+'. The long-term component of the rating is based on the Ambac-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citigroup Global Markets Holdings Inc. until Aug. 12, 2004. Citigroup Global Markets Reset Option Longs II-R Trust (Florida) Series 4041, relating to Florida Department of Transportation turnpike revenue refunding bonds series 2003B, are rated 'AAA'. The rating is based on the Ambac-insured underlying bonds....

Companies mentioned in this report are:
- Florida
- Citigroup Global Markets ROCs/ROLs II-R Tr

Action: New Rating

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.

- Florida
- Citigroup Global Markets ROCs/ROLs II-R Tr

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