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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust's Series 11527 Ratings Placed On Watch Negative; Residual Certificates; Tender Option Certificates/Bonds Jul 11 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust's Series 11527 Ratings Placed On Watch Negative; Residual Certificates; Tender Option Certificates/Bonds Jul 11

  • Published: July 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services placed its ratings on Citigroup Global Markets ROCs/ROLs II-R Trust's series 11527, relating to California Infrastructure & Economic Development Bank's Bay Area toll bridges seismic retrofit revenue bonds first-lien series 2003A, on CreditWatch with negative implications. This action follows Standard & Poor's July 15, 2011, placement of its rating on the underlying bonds on CreditWatch with negative implications. The long-term component of the rating on the ROCs and ROLs is based on the rating on the underlying bonds (CUSIP #: 13033WLA9, 13033WLB7). The short-term component of the rating on the ROCs is based on the liquidity facility provided by Citibank N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...

Companies mentioned in this report are:
- California Dept of Transportation
- Citigroup Global Markets ROCs/ROLs II-R Tr

Action: On CreditWatch:Negative

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 READ MORE >

- California Dept of Transportation
- Citigroup Global Markets ROCs/ROLs II-R Tr

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