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Summary: Newark Hsg Auth, NJ Jul 04 Product Image

Summary: Newark Hsg Auth, NJ Jul 04

  • ID: 1716735
  • July 2004
  • Region: New Jersey
  • Standard & Poors

Abstract
Citigroup Global Markets Reset Option Certificates II-R Trust Series 2125, relating to Newark Housing Authority bonds series 2004, are rated 'AAA/A-1+'. The long-term component of the rating is based on the MBIA-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citigroup Global Markets Holdings Inc. until June 28, 2005. Citigroup Global Markets Reset Option Longs II-R Trust Series 2125, relating to Newark Housing Authority bonds series 2004, are rated 'AAA'. The rating is based on the MBIA-insured underlying bonds....

Companies mentioned in this report are:
- Newark Hsg Auth
- 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.

- Newark Hsg Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

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