Summary: University of Texas Sys Brd of Regents May 05
- ID: 1754936
- May 2005
- Region: Texas
- Standard & Poors
Morgan Stanley & Co. Inc. Trust floater certificates series 2004-1107, relating to University of Texas Board of Regents system revenue financing system bonds series 2003B, 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 May 11, 2006. Morgan Stanley & Co. Inc. Trust residual certificates series 2004-1107, relating to University of Texas Board of Regents system revenue financing system bonds series 2003B, are rated 'AAA'. The rating is based on the MBIA-insured underlying bond. The stable outlook reflects the outlook of the bond insurer....
Companies mentioned in this report are:
- Univ of Texas Sys Brd of Regents
- Morgan Stanley & Co Inc Tr
Action: New Rating
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