- Published: May 2012
- Region: New Jersey, United States
Summary: Deutsche Bank Securities Inc. Receipts Series DBE-652; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds Jan 12
- Published: January 2012
- 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-652, respectively, relating to Wayne County Airport Authority, Mich.'s (Detroit Metropolitan Wayne County Airport) airport revenue refunding bonds series 2008A. The long-term component of the rating on the SPEARs and LIFERs are based on the rating on a 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...
Companies mentioned in this report are: Detroit Metro Wayne Cnty Arpt,Deutsche Bank Securities Inc Rcpts
Action: New Rating
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Detroit Metro Wayne Cnty Arpt,Deutsche Bank Securities Inc Rcpts