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Summary: Puerto Rico Hwy & Transp Auth May 03 Product Image

Summary: Puerto Rico Hwy & Transp Auth May 03

  • ID: 1754699
  • May 2003
  • Region: Puerto Rico
  • Standard & Poors

Abstract
Merrill Lynch & Co. Inc. Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PA-1137R, relating to Puerto Rico Highway and Transportation Authority highway revenue bonds (series AA), are rated 'AAA/A-1'. The long-term component of the rating is based on the FSA-insured underlying bond. The short-term component of the rating is based on a liquidity guarantee provided by Merrill Lynch & Co. Inc. until April 15, 2004. Merrill Lynch & Co. Inc. Puttable FLOATs/RITES Trust residual interest tax-exempt securities receipts series PA-1137R, relating to Puerto Rico Highways and Transportation Authority highway revenue bonds (series AA), are rated 'AAA'. The long-term component of the rating is based on the underlying bond....

Companies mentioned in this report are:
- Puerto Rico Hwy & Transp Auth
- Merrill Lynch Put FLOATs/RITES tr ser PT-1000

Action: New Rating

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Note: Product cover images may vary from those shown

- Puerto Rico Hwy & Transp Auth
- Merrill Lynch Put FLOATs/RITES tr ser PT-1000

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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