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Summary: Merrill Lynch Put FLOATs/RITES Trust Series PT-372 Jun 07 Product Image

Summary: Merrill Lynch Put FLOATs/RITES Trust Series PT-372 Jun 07

  • ID: 1930425
  • June 2007
  • Standard & Poors

Abstract
The rating on Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PT-372A and PT-372B, relating to District of Columbia general obligation bonds series 1999A, has been affirmed following an amendment to the trust documents. The long-term component of the rating is based on the MBIA-insured underlying bond. The short-term component of the rating is based on Merrill Lynch & Co. Inc. The expiration date of the liquidity facility is Oct. 15, 2007. The stable outlook is based on the outlook of the bond insurer....

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

Action: Affirmed

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.

- District of Columbia
- Merrill Lynch Put FLOATs/RITES tr ser PT-1000

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