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Summary: Nevada System of Higher Education Dec 05 Product Image

Summary: Nevada System of Higher Education Dec 05

  • ID: 1755015
  • December 2005
  • Region: Nevada
  • Standard & Poors

Abstract
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

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 READ MORE >

- Nevada System of Higher Education
- Morgan Stanley & Co Inc Tr

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