Summary: New York St Pwr Auth Nov 02
Standard & Poors, November 2002
Abstract
The Morgan Stanley & Co. Inc. Trust floater certificates series 2001-737, relating to New York State Power Authority series 2002A revenue bonds, are rated 'AAA/A-1'. The long-term component of the rating is based on the MBIA-insured underlying bonds. The short-term component of the rating is based on a guarantee provided by Morgan Stanley and a liquidity facility provided by Morgan Stanley Municipal Funding Inc. until Nov. 27, 2003....
Companies mentioned in this report are:
- New York St Pwr Auth
- Morgan Stanley & Co Inc Tr
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.
- New York St Pwr Auth
- Morgan Stanley & Co Inc Tr
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