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Summary: California May 04 Product Image

Summary: California May 04

  • Published: May 2004
  • Region: California
  • Standard & Poors

Abstract
Morgan Stanley & Co. Inc. Trust floater certificates series 2004-932, relating to California economic recovery bonds series 2004A, are rated 'AAA/A-1'. The long-term component of the rating is based on the MBIA-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 March 19, 2005. Morgan Stanley & Co. Inc. Trust residual certificates series 2004-932, relating to California economic recovery bonds series 2004A, are rated 'AAA'. The rating is based on the MBIA-insured underlying bond....

Companies mentioned in this report are:
- California
- 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, READ MORE >

- California
- Morgan Stanley & Co Inc Tr

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