Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11116 Jul 07
- ID: 1717080
- July 2007
- Region: Global
- Standard & Poors
Citigroup Global Markets Reset Option Certificates II-R Series 11116, relating to Puerto Rico Infrastructure Financing Authority special tax revenue refunding bonds series 2005C, are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated, AMBAC-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citibank N.A. (A-1+). Citigroup Global Markets Reset Option Longs II-R, Series 11126, relating to Puerto Rico Infrastructure Financing Authority special tax revenue refunding bonds series 2005C, are rated 'AAA'. The rating is based on the 'AAA' rated AMBAC-insured underlying bonds. The short-term component of the rating is based on a shortfall liquidity swap agreement where the swap counterparty is Citibank N.A. (A-1+). Optionally tendered ROCs...
Companies mentioned in this report are:
- Puerto Rico
- Citigroup Global Markets ROCs/ROLs II-R Tr
Action: New Rating
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