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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 3066 Oct 07 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 3066 Oct 07

  • ID: 1717404
  • October 2007
  • Region: Global
  • Standard & Poors

Abstract
Citigroup Global Markets Reset Option Long II-R Series 3066, relating to Rockport, Texas (Aransas County combination tax and revenue certificates of obligation, series 2007, are rated 'AAA'. The rating is based on the 'AAA' rated, MBIA-insured underlying bonds. The short-term component of the rating is based on a shortfall liquidity swap agreement where the swap counterparty is Citigroup Financial Products Inc. (NR) and the guarantor is Citigroup Inc. (A-1+). Optionally tendered ROCs that are not remarketed will be purchased from the proceeds of the sale of a pro rata amount of bonds, and to the extent such proceeds are insufficient to pay the tendered price, the tender agent shall draw upon the shortfall liquidity swap agreement. Upon certain mandatory ROCs...

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

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

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