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Summary: Wachovia MERLOTS 2007D10 Mar 07 Product Image

Summary: Wachovia MERLOTS 2007D10 Mar 07

  • ID: 1722904
  • March 2007
  • Standard & Poors

FEATURED COMPANIES

  • Illinois Fin Auth
  • Wachovia MERLOTS
  • MORE

Abstract
Wachovia Bank N.A. municipal exempt receipts liquidity optional tender series 2007D10, relating to Illinois Development Finance Authority retirement housing revenue bonds (Regency Park), 1991 series A, are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated, underlying bond. The short-term component of the rating is based on the liquidity facility provided by Wachovia Bank N.A. until March 20, 2008....

Companies mentioned in this report are:
- Illinois Fin Auth
- Wachovia MERLOTS

Action: New Rating

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.

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