Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12021 Dec 07
- ID: 1717636
- December 2007
- Region: Global
- Standard & Poors
Citigroup Global Markets Reset Option Certificates II-R, series 12021 relating to the Chattanooga Industrial Development Board, Tenn.'s lease rental revenue bonds, series 2000 are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated, AMBAC-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 12021 relating to the Chattanooga Industrial Development Board, Tenn.'s lease rental revenue bonds, series 2000A 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 Citibank N.A. ('A-1+'). Optionally tendered ROCs...
Companies mentioned in this report are:
- Chattanooga Indl Dev Brd
- Citigroup Global Markets ROCs/ROLs II-R Tr
Action: New Rating
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