• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Summary: California May 04 Product Image

Summary: California May 04

  • ID: 1835538
  • May 2004
  • Region: California
  • Standard & Poors

Abstract
Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PT-2205, relating to California economic recovery bonds series 2004A, are rated 'AA-/A-1'. The long-term component of the rating is based on the underlying bond. The short-term component of the rating is based on a liquidity guarantee from Merrill Lynch & Co. Inc., and the expiration date of the liquidity facility is May 15, 2005. Merrill Lynch Puttable FLOATs/RITES Trust Residual Interest Tax-Exempt Securities Receipts Series PT-2205, relating to California economic recovery bonds series 2004A, are rated 'AA-'. The long-term component of the rating is based on the underlying bond. Complete ratings information is available to subscribers of RatingsDirect, Standard & Poor's Web-based credit analysis system, at www.ratingsdirect.com. All ratings...

Companies mentioned in this report are:
- California
- Merrill Lynch Put FLOATs/RITES tr ser PT-1000

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured READ MORE >

Note: Product cover images may vary from those shown

- California
- Merrill Lynch Put FLOATs/RITES tr ser PT-1000

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

RELATED PRODUCTS