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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 8503 Oct 07 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 8503 Oct 07

  • ID: 1717413
  • October 2007
  • Region: Global
  • Standard & Poors

Abstract
Citigroup Global Markets Reset Option Certificates II-R Series 8503, relating to Everett, Wash. water and sewer revenue bonds, 2005, are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated, MBIA-insured 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 II-R Series 8503, relating to Everett, Wash. water and sewer revenue bonds, 2005 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)...

Companies mentioned in this report are:
- Everett
- 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 >

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

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