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Summary: Adrian Sch Dist, MI Jul 04 Product Image

Summary: Adrian Sch Dist, MI Jul 04

  • ID: 1716739
  • July 2004
  • Standard & Poors

Abstract
Citigroup Global Markets Reset Option Certificates II-R Trust Series 2124, relating to Adrian School District, Mich. 2004 school building and site bonds (general obligation-unlimited tax), are rated 'AAA/A-1+'. The long-term component of the rating is based on the FSA-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 30, 2005. Citigroup Global Markets Reset Option Longs II-R Trust Series 2124, relating to Adrian School District, Mich. 2004 School building and site bonds (general obligation-unlimited tax), are rated 'AAA'. The rating is based on the FSA-insured underlying bonds....

Companies mentioned in this report are:
- Adrian Sch Dist
- 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.

Note: Product cover images may vary from those shown

- Adrian Sch Dist
- Citigroup Global Markets ROCs/ROLs II-R Tr

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

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