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SATURNS Trust No. 2003-4 Class A Rating Raised To 'BBB' From 'BBB-'
Standard & Poors, May 2011
NEW YORK (Standard & Poor's) May 17, 2011--Standard & Poor's Ratings Services today raised its rating on SATURNS Trust No. 2003-4's $25 million class A callable units to 'BBB' from 'BBB-'. Our rating on the class A units is dependent on our rating on the underlying security, The Dow Chemical Co.'s 7.375% debentures due Nov. 1, 2029 ('BBB'). Today's ugprade follows our May 11, 2011, rating action, when we raised our rating on the underlying security to 'BBB' from 'BBB-'. We may take subsequent rating actions on the class A units due to changes in our ratings assigned to the underlying security. RELATED CRITERIA AND RESEARCH Dow Chemical And Subsidiaries Ratings Raised One Notch To 'BBB' On Earnings Improvement, Debt...
Companies mentioned in this report are: SATURNS Trust No. 2003-4
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Research type: News
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SATURNS Trust No. 2003-4