Summary: Morgan Stanley & Co. Inc. Trust Series 2006-1697 Aug 07
Standard & Poors, August 2007
Abstract
Morgan Stanley & Co. Inc. Trust floater certificates series 2006-1697, relating to Chabot-Las Positas Community College District (Alameda County and Contra Costa County, Calif.) GO bonds, election of 2004, series 2006B, is 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 liquidity facility provided by Morgan Stanley Municipal Funding Inc. until July 18, 2008. Morgan Stanley & Co. Inc. Trust residual certificates series 2006-1697, relating to Chabot-Las Positas Community College District (Alameda County and Contra Costa County, Calif.) GO bonds, election of 2004, series 2006B, is rated 'AAA'. The rating is based on the Ambac-insured underlying bond. The...
Companies mentioned in this report are:
- Chabot-Las Positas Comnty Coll Dist
- 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 and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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.
- Chabot-Las Positas Comnty Coll Dist
- Morgan Stanley & Co Inc Tr
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