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Summary: Metro Pier & Expo Auth, IL Apr 04 Product Image

Summary: Metro Pier & Expo Auth, IL Apr 04

  • Published: April 2004
  • Standard & Poors

Abstract
Morgan Stanley & Co. Inc. Trust floater certificates series 2004-913, relating to Metropolitan Pier and Exposition Authority (Illinois) McCormick Place Expansion project bonds series 2002A, are rated 'AAA/A-1'. The long-term component of the rating is based on the MBIA-insured underlying bond. The short-term component of the rating is based on a guarantee provided by Morgan Stanley and a liquidity facility provided by Morgan Stanley Municipal Funding Inc. until March 31, 2005. Morgan Stanley & Co. Inc. Trust residual certificates series 2004-913, relating to Metropolitan Pier and Exposition Authority (Illinois) McCormick Place Expansion project bonds series 2002A, are rated 'AAA'. The rating is based on the MBIA-insured underlying bond. Complete ratings information is available to subscribers of RatingsDirect, Standard & Poor's...

Companies mentioned in this report are:
- Morgan Stanley & Co Inc Tr

Action: New Rating

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- Morgan Stanley & Co Inc Tr

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