PreferredPLUS Trust Series GRC-1 Rating Raised To 'A' From 'BBB+' And Removed From CreditWatch Positive Aug 12
- Language: English
- Published: August 2012
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
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