Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 2142 Ratings Lowered To 'A+/A-1' And 'A+'; Residual Certificates; Tender Option Certificates/Bonds Jul 09
- ID: 1717915
- July 2009
- Region: Global
- Standard & Poors
Standard & Poor's Ratings Services lowered its ratings on Citigroup Global Markets ROCs/ROLs II-R Trust Series 2142, relating to St. Johns County, Fla. sales tax revenue bonds series 2004A, to 'A+/A-1' and 'A+' from 'AA-/A-1' and 'AA-', respectively. This action follows Standard & Poor's downgrade of the underlying bond to 'A+' from 'AA-'. USPF Criteria: "Secondary Market Derivative Products," June 27, 2007...
Companies mentioned in this report are:
- St Johns Cnty
- Citigroup Global Markets ROCs/ROLs II-R Tr
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.