Summary: Ribco Trust Series 2008K35 And 2008K37; Residual Certificates; Tender Option Certificates/Bonds Sep 11
Standard & Poors, September 2011
Abstract
Standard & Poor's Ratings Services affirmed its 'AA+/A-1' and 'AA+' ratings on Ribco Trust's series 2008K35 and 2008K37. The affirmation reflects the amendment to the series trust agreement. The affirmations are based solely on the amendments to the remarking fees and liquidity spread effective Sept. 15, 2011. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...
Companies mentioned in this report are: California St Univ,Ribco Tr
Action: Affirmed
Action: Outlook: Negative
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
California St Univ,Ribco Tr
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