- Published: May 2012
- Region: Turkey
Summary: Deutsche Bank Securities Inc. Receipts Series DBE-502; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds Dec 11
- Published: December 2011
- Standard & Poors
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-502, respectively, relating to Chicago O'Hare International Airport, Ill.'s general airport third-lien revenue bonds series 2008A. The long-term components of the ratings on the SPEARs and LIFERs are based on the rating on the custodial receipt. The rating on the custodial receipt is based jointly (assuming low correlation) on a swap agreement provided by Deutsche Bank AG and the rating on the underlying bonds. The short-term component of the rating on the SPEARs is based on a liquidity facility provided by Deutsche Bank AG. SEC Rule 17g-7 requires an...
Companies mentioned in this report are: Chicago O'Hare Intl Arpt,Deutsche Bank Securities Inc Rcpts
Action: New Rating
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Chicago O'Hare Intl Arpt,Deutsche Bank Securities Inc Rcpts