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Summary: Wachovia MERLOTS (Series 2007D75), Pennsylvania Dec 07 Product Image

Summary: Wachovia MERLOTS (Series 2007D75), Pennsylvania Dec 07

  • ID: 1929864
  • December 2007
  • Region: Pennsylvania
  • Standard & Poors

Abstract
Wachovia MERLOTS, Pa.'s series 2007D75, related to District of Columbia's series 2007C GO bonds, are rated 'AAA/A-1+'. The long-term component of the rating is based on the FSA-insured underlying bond. The short-term component of the rating is based on the liquidity facility provided by Wachovia Bank N.A. until Dec. 19, 2008. The stable outlook is based on the bond insurer, FSA....

Companies mentioned in this report are:
- District of Columbia

Action: New Rating
Action: Outlook: Stable

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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.

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