Summary: Citigroup Taxable Trust II Series T30004-II Rating Lowered To 'AA+ (sf)/A-1 (sf)'; Tender Option Certificates/Bonds Sep 11
- ID: 2028926
- September 2011
- Standard & Poors
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
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