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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11195 Sep 07 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11195 Sep 07

  • Published: September 2007
  • Region: Global
  • Standard & Poors

Abstract
Citigroup Global Markets reset option certificates II-R, series 11195, relating to Michigan's grant anticipation bonds, series 2007, 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 Citibank N.A. ('A-1+'). Citigroup Global Markets reset option longs II-R, series 11195, relating to Michigan's grant anticipation bonds, series 2007, 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 swap counterparty is Citibank N.A. ('A-1+'). Optionally tendered ROCs that are not remarketed will be purchased from the proceeds of the sale of...

Companies mentioned in this report are:
- Michigan
- 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 READ MORE >

- Michigan
- Citigroup Global Markets ROCs/ROLs II-R Tr

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