Summary: Nevada System of Higher Education Dec 05
- ID: 1755015
- December 2005
- Region: Nevada
- Standard & Poors
Morgan Stanley & Co. Inc. Trust floater certificates series 2004-1240, relating to Nevada System of Higher Education universities revenue bonds series 2005B, are rated 'AAA/A-1'. The long-term component of the rating is based on the Ambac-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 Dec. 21, 2006. Morgan Stanley & Co. Inc. Trust residual certificates series 2004-1240, relating to Nevada System of Higher Education universities revenue bonds series 2005B, are rated 'AAA'. The rating is based on the Ambac-insured underlying bond. The stable outlook reflects the outlook of the bond insurer....
Companies mentioned in this report are:
- Nevada System of Higher Education
- Morgan Stanley & Co Inc Tr
Action: New Rating
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