Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12321; Residual Certificates; Tender Option Certificates/Bonds Nov 11
- ID: 2038823
- November 2011
- Region: Global
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA/A-1' and 'AAA' ratings to Citigroup Global Markets ROCs/ROLs II-R Trust's series 12321, relating to New York State Urban Development Corp.'s state personal income tax revenue bonds (State Facilities and Equipment) series 2005B. The long-term component of the rating on the ROCs and ROLS is based on the rating on the underlying bonds (AAA). 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...
Companies mentioned in this report are:
- New York State Urban Dev Corp
- Citigroup Global Markets ROCs/ROLs II-R Tr
Action: New Rating
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