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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11997; Residual Certificates; Tender Option Certificates/Bonds Dec 11 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11997; Residual Certificates; Tender Option Certificates/Bonds Dec 11

  • ID: 2034973
  • December 2011
  • Region: Global
  • Standard & Poors

FEATURED COMPANIES

  • New York St Thruway Auth
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AA/A-1' and 'AA' ratings to Citigroup Global Markets ROCs/ROLs II-R Trust's series 11997, relating to New York State Thruway Authority's second General Highway and Bridge Trust Fund bonds series 2011A-1. The long-term component of the rating on the ROCs and ROLs is based on the rating on the underlying bonds (AA). The short-term component of the rating on the ROCs is based on a liquidity facility provided by Citibank N.A. (A-1). The short-term component of the rating on the ROCs is based on a shortfall liquidity swap agreement, where the swap counterparty is Citibank N.A. Optionally tendered ROCs that are not remarketed will be purchased from the proceeds of the sale of a...

Companies mentioned in this report are:
- New York St Thruway Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

Action: New Rating

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 READ MORE >

Note: Product cover images may vary from those shown

- New York St Thruway Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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