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Summary: University of Texas Sys Brd of Regents May 05 Product Image

Summary: University of Texas Sys Brd of Regents May 05

  • ID: 1754936
  • May 2005
  • Region: Texas
  • Standard & Poors

Abstract
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

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 READ MORE >

- Univ of Texas Sys Brd of Regents
- Morgan Stanley & Co Inc Tr

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