Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11966; Residual Certificates; Tender Option Certificates/Bonds Jun 11
- ID: 2038804
- June 2011
- Region: Global
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+/A-1' and 'AA+' ratings to Citigroup Global Markets ROCs/ROLs II-R Trust's series 11966, relating to New York City Municipal Water Finance Authority's water and sewer system second general resolution revenue bonds fiscal 2011 series HH. The long-term component of the rating is based on the rated, 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 pro rata...
Companies mentioned in this report are:
- New York City Mun Wtr Fin Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr
Action: New Rating
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