Summary: Morgan Stanley & Co. Inc. Trust Series 2008-3067x Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds Sep 11
- ID: 2035052
- September 2011
- Standard & Poors
Standard & Poor's Ratings Services lowered its ratings on Morgan Stanley & Co. Inc. Trust's floater and residual certificates series 2008-3067x, relating to California Educational Facilities Authority's (University of Southern California) revenue term bonds series 2009B, to 'AA/A-1' and 'AA' from 'AA+/A-1' and 'AA+', respectively. This action follows Standard & Poor's Aug. 5, 2011, downgrade of its rating on the underlying bonds to 'AA' from 'AA+'. The long-term component of the rating on the floater and residual certificates is based on the rating on the underlying bonds (CUSIP #: 130178SC1). The short-term component of the rating on the floater certificates is based on the liquidity provided by Morgan Stanley Bank N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...
Companies mentioned in this report are:
- University of Southern California
- Morgan Stanley & Co Inc Tr
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