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Summary: King Cnty, WA May 04 Product Image

Summary: King Cnty, WA May 04

  • Published: May 2004
  • Standard & Poors

Abstract
Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PT-2170, relating to King County, Wash. unlimited tax general obligation bonds 2004 (Harborview Medical Center), 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 April 15, 2005. Merrill Lynch Puttable FLOATs/RITES Trust residual interest tax-exempt securities receipts series PT-2170, relating to King County, Wash. unlimited tax general obligation bonds 2004 (Harborview Medical Center), are rated 'AAA'. The long-term component of the rating is based on the Ambac-insured underlying bond. Complete ratings information is available to...

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

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 READ MORE >

- King Cnty
- Merrill Lynch Put FLOATs/RITES tr ser PT-1000

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