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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 7047 Dec 06 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 7047 Dec 06

  • ID: 1716965
  • December 2006
  • Region: Global
  • Standard & Poors

Abstract
Citigroup Global Markets Reset Option Certificates Trust II-R Series 7047, relating to Texas Transportation Commission state highway fund first tier revenue bonds, series 2006A, are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citigroup Financial Products Inc. (NR) and the guarantor is Citigroup, Inc. (A-1+). Citigroup Global Markets Reset Option Longs Trust II-R Series 7047, relating to Texas Transportation Commission state highway fund first tier revenue bonds series 2006A, are rated 'AAA'. The rating is based on the 'AAA' rated underlying bonds. The short-term component of the rating is based on a shortfall liquidity swap agreement where the...

Companies mentioned in this report are:
- Texas Transp Comm
- 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 READ MORE >

- Texas Transp Comm
- Citigroup Global Markets ROCs/ROLs II-R Tr

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