S&P Corrects And Removes Citigroup Global Markets ROCs/ROLs II-R Trust Series 11738 Rating From Watch Neg Oct 09
- ID: 1717936
- October 2009
- Region: Global
- Standard & Poors
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
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Research type: News
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