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Summary: New York City Mun Wtr Fin Auth Oct 05 Product Image

Summary: New York City Mun Wtr Fin Auth Oct 05

  • Published: October 2005
  • Region: New York
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AA+/A-1+' rating on Citigroup Global Markets Reset Option Certificates II-R Trust, Series 406, relating to New York City Municipal Water Finance Authority water and sewer system revenue bonds, fiscal 2005 series B, due to an amendment to the trust agreement and the deposit of additional bonds. The long-term component of the rating is based on the 'AA+' rated, underlying bond. The short-term component of the rating is based on a liquidity facility provided by Citibank N.A. until Jan. 28, 2006. Standard & Poor's affirmed its 'AA+' rating on the Citigroup Global Markets Reset Option Longs II-R Trust Series 406, relating to New York City Municipal Water Finance Authority water and sewer system revenue...

Companies mentioned in this report are:
- New York City Mun Wtr Fin Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

Action: Affirmed

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 READ MORE >

- New York City Mun Wtr Fin Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

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