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 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
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