Summary: Morgan Stanley & Co. Inc. Trust Series 2008-3197, 2008-3205, And 2008-3263; Residual Certificates; Tender Option Certificates/Bonds Jul 12
- Language: English
- Published: July 2012
Standard & Poor's Ratings Services reviewed an amendment dated Jan. 31, 2008, amending the series supplement for series 2006-2058 (Puerto Rico) for the Morgan Stanley & Co. Inc. Municipal Trust Certificates program and we have concluded that the amendment will not result in a reduction or withdrawal of the current ratings Standard & Poor's has assigned to outstanding series of floater certificates. As a result of the amendment, Standard & Poor's removed the CreditWatch with negative implications designation from the 'AAA' rating of the residual certificates and the outlook will be not meaningful. The amendment changes the asset for the trust from the underlying Ambac-insured bond to a custodial receipt holding the same underlying bond and the addition of credit...
Companies mentioned in this report are:
- Puerto Rico
- Morgan Stanley & Co Inc Tr
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. SHOW LESS READ MORE >