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:
- 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.