The long-term component of the rating on RIBCO Trust floating rate trust receipts series 2004 L19J is based on the rating of the underlying California economic recovery bonds series 2004A. The short-term component of the rating is based on a liquidity facility in the form of a line of credit guaranteed by Lehman Brothers Inc. The line of credit which expires on July 1, 2005, unless earlier terminated pursuant to its terms will cover the purchase price of tendered but unremarketed bonds. The long-term rating on RIBCO Trust residual interest rate trust receipts series 2004 L19J is based on the rating of the underlying California economic recovery bonds series 2004A. Complete ratings information is available to subscribers of RatingsDirect, Standard...
Companies mentioned in this report are:
- Ribco Tr
Action: New Rating
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