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S&P Corrects And Removes Citigroup Global Markets ROCs/ROLs II-R Trust Series 11738 Rating From Watch Neg Oct 09 Product Image

S&P Corrects And Removes Citigroup Global Markets ROCs/ROLs II-R Trust Series 11738 Rating From Watch Neg Oct 09

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

Abstract
NEW YORK (Standard & Poor's) Oct. 26, 2009--Standard & Poor's Ratings Services corrected and removed its 'AAA/A-1' rating on Citigroup Global Markets ROCs/ROLs II-R Trust (Orange County Sanitation District) series 11738 certificates, relating to Orange County Sanitation District (AAA), Calif.'s bonds, from CreditWatch with negative implications. The long-term component of the rating on the certificates is based on the rating on the underlying bonds. The short-term component of the rating on the certificates is based on the liquidity facility provided by Citibank N.A., New York, N.Y. (A+/A-1). On May 8, 2009, Standard & Poor's removed its rating on Citibank N.A., New York, N.Y., from CreditWatch with negative implications; however, due to an administrative error, we did not contemporaneously remove the...

Companies mentioned in this report are:
- Orange Cnty San Dist
- Citigroup Global Markets ROCs/ROLs II-R Tr

Action: Removed From CreditWatch

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance READ MORE >

- Orange Cnty San Dist
- Citigroup Global Markets ROCs/ROLs II-R Tr

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