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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 1088 Oct 07

  • ID: 1717427
  • October 2007
  • Region: Global
  • Standard & Poors
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Abstract
Citigroup Global Markets Reset Option Certificates II-R Series 1088, relating to New York City general obligation bonds, fiscal 2008 series C, subseries C-1, are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated, FSA-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 1088, relating to New York City general obligation bonds, fiscal 2008 series C, subseries C-1, are rated 'AAA'. The rating is based on the 'AAA' rated, FSA-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:
- New York City
- 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 holdings and identify key factors underlying an issuer's creditworthiness, READ MORE >

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- New York City
- Citigroup Global Markets ROCs/ROLs II-R Tr

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