Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1185; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds Jul 13
- Language: English
- Published: July 2013
Standard & Poor's Ratings Services assigned its 'AAA/A-1' and 'AAA' ratings to Deutsche Bank Securities Inc. Receipts' short puttable exempt adjustable receipts (SPEARs) and long inverse floating exempt receipts (LIFERs) series DBE-602, respectively, relating to custodial receipts series DBE-602, relating to San Antonio, Texas' electric and gas systems revenue and refunding bonds series 2007. The initial SPA shall provide for the payment of the tender price of the variable certificates (SPEARs), which includes the stated amount of and interest on unremarketed variable certificates bearing interest at the daily and weekly rates. The SPA shall terminate on Jan. 1, 2013, the stated expiration date. At such time, if the SPA has not been extended or an alternate liquidity facility has not...
Companies mentioned in this report are: San Antonio,Deutsche Bank Securities Inc Rcpts
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 key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
San Antonio,Deutsche Bank Securities Inc Rcpts