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PreferredPLUS Trust Series QWS-2 Rating Raised To 'BB' From 'BB-' Jun 11 Product Image

PreferredPLUS Trust Series QWS-2 Rating Raised To 'BB' From 'BB-' Jun 11

  • ID: 1823381
  • June 2011
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) June 13, 2011--Standard & Poor's Ratings Services today raised its rating on PreferredPLUS Trust Series QWS-2?s $38.75 million certificates to 'BB' from 'BB-'. Our rating on the certificates is dependent on our rating on the underlying security, Qwest Capital Funding Inc.'s 7.75% notes due Feb. 15, 2031 ('BB'). Today's rating action follows our June 9, 2011, raising of our rating on the underlying security to 'BB' from 'BB-'. We may take subsequent rating actions on the certificates due to changes in our rating assigned to the underlying security. RELATED CRITERIA AND RESEARCH CenturyLink Inc. Senior Notes Assigned 'BB' Rating (Recovery Rating: 3); QCII And QCF Debt Rating Raised To 'BB', published June 9, 2011. Legal...

Companies mentioned in this report are: PreferredPLUS Trust Series QWS-2
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.

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PreferredPLUS Trust Series QWS-2

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Note: Product cover images may vary from those shown

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