Standard & Poor's Ratings Services lowered its rating on Morgan Stanley & Co. Inc. Trust's floater certificates, series 2004-1272, relating to the Charlotte-Mecklenburg Hospital Authority, New York's health care revenue bonds, series 2005 to 'AA-/A-1+' from 'AA/A-1'. This action follows Standard and Poor's July 26, 2007, downgrade of the underlying bonds to 'AA-' from 'AA', and, Standard and Poor's July 30, 2007, upgrade of Morgan Stanley to 'AA-/A-1+' from 'A+/A-1'. The long-term component of the rating is based on the underlying bond. The short-term component of the rating is based on Morgan Stanley. Standard & Poor's Ratings Services lowered its rating on Morgan Stanley & Co. Inc. Trust's residual certificates, series 2004-1272, relating to the Charlotte-Mecklenburg Hospital Authority, New York's...
Companies mentioned in this report are:
- Charlotte-Mecklenburg Hosp Auth
- Morgan Stanley & Co Inc Tr
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