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Summary: Morgan Stanley & Co. Inc. Trust Series 2008-2899 Ratings Off Watch Negative; Residual Certificates; Tender Option Certificates/Bonds May 10 Product Image

Summary: Morgan Stanley & Co. Inc. Trust Series 2008-2899 Ratings Off Watch Negative; Residual Certificates; Tender Option Certificates/Bonds May 10

  • ID: 1770619
  • May 2010
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services removed its 'AA+/A-1' and 'AA+' ratings on Morgan Stanley & Co. Inc. Trust's float and residual certificates series 2008-2899, relating to New York City Housing Authority's custody receipts revenue bonds series 2005A, from CreditWatch with negative implications. This action follows Standard & Poor's April 22, 2010, removal of the rating on the underlying bond from CreditWatch with negative implications. 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. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...

Companies mentioned in this report are:
- New York City Hsg Auth
- Morgan Stanley & Co Inc Tr

Action: Affirmed
Action: Removed From CreditWatch

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.

- New York City Hsg Auth
- Morgan Stanley & Co Inc Tr

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