Summary: Morgan Stanley & Co. Inc. Trust Floater Certificates Series 2006-1875 Jun 07

Standard & Poors, June 2007

Abstract
Morgan Stanley & Co. Inc. Trust floater certificates series 2006-1875, relating to New York City Industrial Development Agency, pilot revenue bonds, series 2006 ( Yankee Stadium Project), is rated 'AAA/A-1'. The long-term component of the rating is based on the FGIC-insured underlying bond. The short-term component of the rating is based on a guarantee provided by Morgan Stanley and liquidity facility provided by Morgan Stanley Municipal Funding Inc. until June 20, 2008. Morgan Stanley & Co. Inc. Trust residual certificates series 2006-1875, relating to New York City Industrial Development Agency, pilot revenue bonds, series 2006 (Yankee Stadium Project), is rated 'AAA'. The rating is based on the FGIC-insured underlying bond. The stable outlook is based on the outlook on the...

Companies mentioned in this report are:
- Morgan Stanley & Co Inc Tr
- Yankee Stadium LLC

Action: New Rating

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Morgan Stanley & Co Inc Tr
- Yankee Stadium LLC

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