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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11960; Residual Certificates; Tender Option Certificates/Bonds Jun 11

  • ID: 2039002
  • June 2011
  • Region: Global
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA/A-1' and 'AAA' ratings to Citigroup Global Markets ROCs/ROLs II-R Trust's series 11960, relating to Frisco Independent School District's (Collin and Denton Counties, Texas) unlimited-ax school building and refunding bonds series 2011A. The long-term component of the rating is based 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 sale of a pro rata amount of bonds, and...

Companies mentioned in this report are:
- Frisco Indpt Sch Dist
- Citigroup Global Markets ROCs/ROLs II-R Tr

Action: New Rating

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 Research lets users determine the credit READ MORE >

Note: Product cover images may vary from those shown

- Frisco Indpt Sch Dist
- Citigroup Global Markets ROCs/ROLs II-R Tr

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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