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Summary: Puerto Rico Aug 03 Product Image

Summary: Puerto Rico Aug 03

  • ID: 1754727
  • August 2003
  • Region: Puerto Rico
  • Standard & Poors

Morgan Stanley & Co. Inc. Trust floater certificates series 2001-842, relating to Puerto Rico public improvement bonds of 2003 series A, are rated 'AAA/A-1'. The long-term component of the rating is based on the FGIC-insured 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 Aug. 6, 2004....

Companies mentioned in this report are:
- Puerto Rico
- 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.

- Puerto Rico
- Morgan Stanley & Co Inc Tr

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