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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12001 Nov 07 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12001 Nov 07

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

Abstract
Citigroup Global Markets Reset Option Certificates II-R Series 12001, relating to New York State Power Authority revenue bonds series 2007A, 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 Long II-R Series 12001, relating to New York State Power Authority revenue bonds series 2007A, 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...

Companies mentioned in this report are:
- New York St Pwr Auth
- 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 READ MORE >

- New York St Pwr Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

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