SATURNS Trust No. 2003-4 Class A Rating Raised To 'BBB' From 'BBB-'
Standard & Poors, May 2011
Abstract
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
Action: Upgraded
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
SATURNS Trust No. 2003-4
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