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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 10109 Placed On CreditWatch Negative; Tender Option Certificates/Bonds Dec 08 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 10109 Placed On CreditWatch Negative; Tender Option Certificates/Bonds Dec 08

  • ID: 1717864
  • December 2008
  • Region: Global
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services placed its 'AAA/A-1+' rating on Citigroup Global Markets ROCs/ROLs II-R Trust reset option certificates series 10109, relating to Birmingham Water Works and Sewer Board, Ala.'s water and sewage revenue bonds series 2002B, on CreditWatch with negative implications. This action follows Sept. 29, 2008, placement of Citigroup Inc. on CreditWatch with negative implications. The long-term component of the rating is based on the underlying bond. The short-term component of the rating is based on Citigroup Inc....

Companies mentioned in this report are:
- Birmingham Wtrwks Brd
- Citigroup Global Markets ROCs/ROLs II-R Tr

Action: On CreditWatch:Negative

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.

- Birmingham Wtrwks Brd
- Citigroup Global Markets ROCs/ROLs II-R Tr

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