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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

  • ID: 1717936
  • 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 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.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Note: Product cover images may vary from those shown

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

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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