Summary: GS Muni Product LLC Series 2007-98 Rating Lowered To 'A/A-1'; Tender Option Certificates/Bonds

  • ID: 1721324
  • March 2009
  • Standard & Poors
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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.

Standard & Poor's Ratings Services lowered its rating on GS Muni Product LLC (Northern California Gas Authority No. 1 (Gas Prepay)) floater certificates series 2007-98, relating to Northern California Gas Authority No. 1 gas project, to 'A/A-1' from 'A+/A-1'. This action follows Standard & Poor's downgrade of Goldman Sachs Group Inc. to 'A/A-1' from 'AA-/A-1+'....

Companies mentioned in this report are: GS Muni Product LLC
Action: Downgraded

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GS Muni Product LLC

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