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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12037 Ratings Raised To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds Jul 09 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12037 Ratings Raised To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds Jul 09

  • Published: July 2009
  • Region: Global
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services raised its rating on Citigroup Global Markets ROCs/ROLs II-R Trust Series 12037, relating to Los Angeles County Metropolitan Transportation Authority Proposition C sales tax revenue bonds second senior bonds series 2004-A, to 'AA+/A-1' and 'AA+' from 'AA' and 'AA/A-1', respectively. This action follows Standard & Poor's upgrade of the underlying bond to 'AA+' from 'AA'. USPF Criteria: "Secondary Market Derivative Products," June 27, 2007...

Companies mentioned in this report are:
- Los Angeles Cnty Metro Transp Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

Action: Upgraded

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 READ MORE >

- Los Angeles Cnty Metro Transp Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

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