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Summary: Springfield, IL Apr 03 Product Image

Summary: Springfield, IL Apr 03

  • ID: 1754672
  • April 2003
  • Standard & Poors

The Morgan Stanley & Co Inc. Trust Inc. Trust floater certificates series 2001-789, relating to City of Springfield, and Aurora, Kane, Dupage, Will, and Kendall counties, Ill. jointly collateralized single-family mortgage revenue bonds series 2003-A, are rated 'AAA/A-1'. The long-term component of the rating is based on the Trinity Funding-enhanced underlying bond. 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 March 26, 2004....

Companies mentioned in this report are:
- Springfield
- Morgan Stanley & Co Inc Tr

Action: New Rating

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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.

- Springfield
- Morgan Stanley & Co Inc Tr

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