Summary: GS Municipal Products LLC Series 2006-36TPZ Ratings Lowered To ?AA-/A-1? And ?AA-?; Residual Certificates; Tender Option Certificates/Bonds Feb 12
- Language: English
- Published: February 2012
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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.
GS Muni Product LLC trust floater certificates series 2007-98, relating to Northern California Gas Authority No. 1 gas project revenue bonds series 2007B, are rated 'AA-/A-1+'. The long-term component of the rating is based on the underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Special Situations Investing Group Inc. (NR) until Aug. 15, 2008, which is enhanced by a guaranty provided by the Goldman Sachs & Co. (A-1+). GS Muni Product LLC trust residual certificates series 2007-98, relating to Northern California Gas Authority No. 1 gas project revenue bonds series 2007B, are rated 'AA-'. The rating is based on the underlying bonds. The stated expiration date of the liquidity facility is Aug....
Companies mentioned in this report are: GS Muni Product LLC,Northern California Gas Authority No. 1 (Gas Prepay)
Action: New Rating
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GS Muni Product LLC,Northern California Gas Authority No. 1 (Gas Prepay)