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Summary: Deutsche Bank Securities Inc. Receipts Series DB-1032; Residual Certificates; Tender Option Certificates/Bonds Dec 11 Product Image

Summary: Deutsche Bank Securities Inc. Receipts Series DB-1032; Residual Certificates; Tender Option Certificates/Bonds Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AA/A-1' and 'AA' ratings on Deutsche Bank Securities Inc. Receipts' series DB-1032, relating to Chicago Transit Authority, Ill.'s sales tax receipts revenue bonds series 2011. This action follows the deposit of additional bonds into the trust. The long-term component of the rating on the SPEARs and LIFERs is based on the rating on the underlying bonds (AA). The short-term component of the rating on the SPEARs is based on the rating on Deutsche Bank AG. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and enforcement mechanisms available to investors and...

Companies mentioned in this report are:
- Chicago Transit Auth
- Deutsche Bank Securities Inc Rcpts (Series 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 READ MORE >

- Chicago Transit Auth
- Deutsche Bank Securities Inc Rcpts (Series 1000)

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