- Published: May 2012
- Region: United States
Summary: Merrill Lynch Puttable FLOATs/RITES Trust Series PT-1000 Detroit School District, Michgan; Residual Certificates; Tender Option Certificates/Bonds May 11
- Published: May 2011
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+/A-1 rating to Merrill Lynch P-FLOATS series PT-1000 Trust, puttable floating option tax-exempt receipts, series PT-4967, relating to the School District of the City of Detroit Wayne County, Michigan School Building and Site Improvement refunding bonds (unlimited tax general obligation), series 2005A. The long-term component of the rating is based on Assured Guaranty Municipal Corp. insured 'AA+' rated, underlying bond. The short-term rating is based on the liquidity facility by MLIB with guarantee from Merrill Lynch & Co. The expiration date of the liquidity facility is Nov. 11, 2011. Standard & Poor's also assigned its 'AA+' rating to Merrill Lynch Puttable FLOATs/RITEs Trust, residual interest tax-exempt securities receipts, series PT-4697, relating to School...
Companies mentioned in this report are: Detroit Sch Dist,Merrill Lynch Put FLOATs/RITES tr ser PT-1000
Action: New Rating
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Detroit Sch Dist,Merrill Lynch Put FLOATs/RITES tr ser PT-1000