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Summary: Massachusetts Apr 04 Product Image

Summary: Massachusetts Apr 04

  • ID: 1716658
  • April 2004
  • Region: Massachusetts
  • Standard & Poors

Abstract
Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PT-2146, relating to Massachusetts general obligation refunding bonds 2004 series A, are rated 'AAA/A-1'. The long-term component of the rating is based on the Ambac-insured underlying bond. The short-term component of the rating is based on a liquidity guarantee from Merrill Lynch & Co. Inc., and the expiration date of the liquidity facility is March 15, 2005. Merrill Lynch Puttable FLOATs/RITES Trust residual interest tax-exempt securities receipts series PT-2146, relating to Massachusetts general obligation refunding bonds 2004 series A, are rated 'AAA'. The long-term component of the rating is based on the Ambac-insured underlying bond. Complete ratings information is available to subscribers of RatingsDirect, Standard & Poor's Web-based credit...

Companies mentioned in this report are:
- Massachusetts
- Merrill Lynch Put FLOATs/RITES tr ser PT-1000

Action: New Rating

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Note: Product cover images may vary from those shown

- Massachusetts
- Merrill Lynch Put FLOATs/RITES tr ser PT-1000

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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