- Language: English
- Published: December 2011
Summary: Metro Pier & Expo Auth, IL Apr 04
- ID: 1716636
- April 2004
- Standard & Poors
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
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. SHOW LESS READ MORE >