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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11953X; Residual Certificates; Tender Option Certificates/Bonds May 11

  • ID: 1783983
  • May 2011
  • Region: Global
  • Standard & Poors
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FEATURED COMPANIES

  • Los Rios Comnty Coll Dist
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Abstract
Standard & Poor's Ratings Services assigned its 'AA-/A-1' and 'AA-' ratings to Citigroup Global Markets ROCs/ROLs II-R Trust's series 11953X, relating to Los Rios Community College District's (Sacramento County, Calif.) general obligation bonds 2008 election, series A. The long-term component of the rating is based on the underlying bonds (AA-). The short-term component of the rating is based on a liquidity facility provided by Citibank N.A. (A-1). The short-term component of the rating on the ROCs is based on a shortfall liquidity swap agreement, where the swap counterparty is Citibank N.A. Optionally tendered ROCs that are not remarketed will be purchased from the proceeds of the sale of a pro rata amount of bonds, and to the extent such proceeds...

Companies mentioned in this report are:
- Los Rios Comnty Coll Dist
- Citigroup Global Markets ROCs/ROLs II-R 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 READ MORE >

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- Los Rios Comnty Coll Dist
- Citigroup Global Markets ROCs/ROLs II-R Tr

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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