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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11959X; Residual Certificates; Tender Option Certificates/Bonds Jun 11 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11959X; Residual Certificates; Tender Option Certificates/Bonds Jun 11

  • ID: 1819049
  • June 2011
  • Region: Global
  • Standard & Poors

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 11959X, relating to Mesa, Ariz.'s utility system revenue bonds series 2011. The long-term component of the rating is based on the underlying bonds (AA-). The short-term component of the rating on the ROCs 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 are insufficient to pay...

Companies mentioned in this report are:
- Mesa
- 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 READ MORE >

Note: Product cover images may vary from those shown

- Mesa
- Citigroup Global Markets ROCs/ROLs II-R Tr

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

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