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Summary: Citigroup Taxable Trust II Series T30004-II Rating Lowered To 'AA+ (sf)/A-1 (sf)'; Tender Option Certificates/Bonds Sep 11 Product Image

Summary: Citigroup Taxable Trust II Series T30004-II Rating Lowered To 'AA+ (sf)/A-1 (sf)'; Tender Option Certificates/Bonds Sep 11

  • Published: September 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services lowered its rating on Citigroup Taxable Trust II's series T30004-II, relating to California Educational Facilities Authority's (California Institute of Technology) revenue bonds series 2009, to 'AA+ (sf)/A-1 (sf)' from 'AAA (sf)/A-1 (sf)'. This action follows Standard & Poor's Sept. 7, 2011, downgrade of its rating on the underlying bonds. The long-term component of the rating is based on the rating on the underlying bonds (CUSIP #: 130178TE6). The short-term component of the rating is based on the liquidity facility provided by Citibank N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...

Companies mentioned in this report are: California Institute of Technology,Citigroup Taxable Trust II
Action: Downgraded

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 READ MORE >

California Institute of Technology,Citigroup Taxable Trust II

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