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Amendment To Citigroup Global Markets ROCs/ROLs Trust Program Won't Affect Trust Ratings Jan 08
Standard & Poors, Jan 2008
Abstract
NEW YORK (Standard & Poor's) Jan. 25, 2008--Standard & Poor's Ratings Services reviewed amendment agreements dated Jan. 24, 2008, amending the series trust agreements and thereby the master terms of trust agreement for the Citigroup Global Markets Reset Option Certificates II-R and Reset Option Longs and Reset Option Certificates II and Reset Option Long programs and we have concluded that the amendments will not result in a reduction or withdrawal of the current ratings Standard & Poor's has assigned to outstanding series of floater and residual certificates. The amendment changes Section 5.1(a) of the master terms to clarify that if a principal credit source is identified in a series trust agreement, then an act of bankruptcy of both the bond...
Companies mentioned in this report are: Detroit Sch Dist,Citigroup Global Markets ROCs/ROLs II-R Tr
Action: Affirmed
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 the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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