Citigroup Global Markets Reset Option Certificates II-R Series 11261, relating to Long Beach Bond Finance Authority natural gas purchase revenue bonds series 2007 A, are rated 'A+/A-1+'. The long-term component of the rating is based on the 'A+' 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 11261, relating to Long Beach Bond Finance Authority natural gas purchase revenue bonds series 2007 A, are rated 'A+'. The rating is based on the 'A+' 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...
Companies mentioned in this report are:
- Citigroup Global Markets ROCs/ROLs II-R Tr
- Long Beach Bnd Fin Auth
Action: New Rating
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