- Published: May 2012
- Region: United States
RBS Insurance Trust Series 2011 Notes Rated 'AA/A-1+' Nov 11
- Published: November 2011
- Standard & Poors
NEW YORK (Standard & Poor's) Nov. 17, 2011--Standard & Poor's Ratings Services assigned its 'AA/A-1+' rating to RBS Insurance Trust's (the issuer's) taxable variable-rate notes series 2011. The rating reflects our opinion of the credit and liquidity support that Wells Fargo Bank N.A. ('AA/A-1+') provides in the form of an irrevocable direct-pay letter of credit (LOC). Under the LOC, Wells Fargo Bank N.A. fully supports all note payments obligations. The 'AA' long-term component of our rating is based on our long-term issuer credit rating on Wells Fargo Bank N.A. and addresses full and timely payments of interest and principal when the noteholders have not exercised the put option. The 'A-1+' short-term component of our rating is based on our short-term...
Companies mentioned in this report are: RBS Insurance Trust
Action: New Rating
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Research type: News
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RBS Insurance Trust