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Summary: Deutsche Bank Securities Inc. Receipts Series DB-405 Oct 07 Product Image

Summary: Deutsche Bank Securities Inc. Receipts Series DB-405 Oct 07

  • Published: October 2007
  • Standard & Poors

FEATURED COMPANIES

  • Bradley Univ
  • Illinois Fin Auth
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AAA/A-1+' and 'AAA' ratings to Deutsche Bank Securities Inc. short puttable exempt adjustable receipts (SPEARs) and long inverse floating exempt receipts (LIFERs), respectively, issued under trust series DB-405, relating to Illinois Finance Authority revenue bonds (Bradley University Project) series 2007A. The long-term component of the SPEARs rating is based on the 'AAA' rated, XL Capital-insured Illinois Finance Authority revenue bonds (Bradley University Project) series 2007A.  The short-term component of the rating is based on a standby purchase agreement (SPA) provided by Deutsche Bank AG (A-1+). The rating on the LIFERs is based on the 'AAA' rated, XL Capital-insured Illinois Finance Authority revenue bonds (Bradley University Project) series 2007A.The program is structured such that...

Companies mentioned in this report are:
- Bradley Univ
- Illinois Fin Auth
- Deutsche Bank Securities Inc Rcpts

Action: New Rating

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- Bradley Univ
- Illinois Fin Auth
- Deutsche Bank Securities Inc Rcpts

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