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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12050 Nov 07 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12050 Nov 07

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

Abstract
Citigroup Global Markets Reset Option Certificates II-R series 12050, relating to the City of Houston, Texas' combined utility system first lien fixed rate revenue refunding bonds, series 2004A, 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. (not rated) and the guarantor is Citigroup Inc. ('A-1+').  Citigroup Global Markets Reset Option Long II-R series 12050, relating to the City of Houston, Texas' combined utility system first lien fixed rate revenue refunding bonds, series 2004A, are rated 'AAA'. The rating is based on the 'AAA' rated, MBIA-insured underlying bonds. The short-term component of the rating is...

Companies mentioned in this report are:
- Houston
- 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 READ MORE >

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

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