Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11316 Mar 08

Standard & Poors, March 2008

Abstract
Citigroup Global Markets Reset Option Certificates II-R Series 11316, relating to Massachusetts Water Resources Authority general revenue refunding bonds series 2007B, are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated, FSA-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 11316, relating to Massachusetts Water Resources Authority general revenue refunding bonds series 2007B, are rated 'AAA'. The rating is based on the 'AAA' rated, FSA-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:
- Massachusetts Wtr Resources Auth
- 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 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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Massachusetts Wtr Resources Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

Customers who bought this item also bought

• Electronic Warfare Systems - Global Strategic Business Report
• Aerospace and Defence Industry - Global Strategic Business Report
• Commercial And Military Flight Simulation - Global Strategic Business Report
• eLEARNING - Global Strategic Business Report
• Defense Robotics - Global Strategic Business Report
• Asia – Smart Weapons Markets and Technologies Outlook – 2013-2020
• Global Airborne ISR – Platforms and Payloads – Markets and Technologies Outlook – 2013-2020
• Private Tutoring - Global Strategic Business Report
• India Defence and Security Report Q1 2012
• The Future of Unmanned Aerial Vehicles in Europe – Civilian and Military Market Outlook 2013-2021