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

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

  • ID: 1835294
  • June 2011
  • Standard & Poors

NEW YORK (Standard & Poor's) June 21, 2011--Standard & Poor's Ratings Services today raised its rating on PreferredPLUS Trust Series BLC-2?s $33.530 million certificates to 'BB-' from 'B'. Our rating on the certificates is dependent on our rating on the underlying security, Belo Corp.'s 7.25% debentures due Sept. 15, 2027. Today's upgrade follows our June 17, 2011, upgrade of the underlying security to 'BB-' from 'B'. We may take subsequent rating actions on the certificates due to changes in our rating on the underlying security. RELATED CRITERIA AND RESEARCH Belo Corp. Outlook Revised To Positive, Issue-Level Ratings Raised; 'BB-' Corporate Credit Rating Affirmed, published June 17, 2011. Legal Criteria For U.S. Structured Finance Transactions: Overview Of Legal Criteria For U.S....

Companies mentioned in this report are: PreferredPLUS Trust Series BLC-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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