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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12024 Feb 08 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12024 Feb 08

  • ID: 1717805
  • February 2008
  • Region: Global
  • Standard & Poors

Abstract
Citigroup Global Markets Reset Option Certificates II-R Series 12024, relating to Florida State Board of Education lottery revenue bonds series 2001A, 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 12024, relating to Florida State Board Of Education lottery revenue bonds series 2001A, are rated 'AAA'. The rating is based on the 'AAA' rated, AMBAC-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 that are not remarketed...

Companies mentioned in this report are:
- Florida St Brd of Ed
- 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 Research READ MORE >

- Florida St Brd of Ed
- Citigroup Global Markets ROCs/ROLs II-R Tr

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