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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11261 Nov 07 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11261 Nov 07

  • ID: 1717573
  • November 2007
  • Region: Global
  • Standard & Poors

Abstract
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

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 >

- Citigroup Global Markets ROCs/ROLs II-R Tr
- Long Beach Bnd Fin Auth

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