Summary: Citigroup Global Markets ROCs/ROLs II-R Trust's Series 11785 Ratings Raised To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds Apr 10
Standard & Poors, April 2010
Abstract
Standard & Poor's Ratings Services raised its ratings on Citigroup Global Markets ROCs/ROLs II-R Trust's series 11785, relating to Tallahassee, Fla.'s energy system revenue bonds series 2007, to 'AA/A-1' and 'AA' from 'AA-/A-1' and 'AA-', respectively. This action follows Standard & Poor's March 26, 2010, upgrade of the rating on the underlying bond to 'AA' from 'AA-'. The long-term component of the rating is based on the underlying bond. The short-term component of the rating is based on the liquidity provided by Citibank N.A., New York, NY. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...
Companies mentioned in this report are:
- Tallahassee
- 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 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.
- Tallahassee
- Citigroup Global Markets ROCs/ROLs II-R Tr
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