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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11980X; Residual Certificates; Tender Option Certificates/Bonds Oct 11 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11980X; Residual Certificates; Tender Option Certificates/Bonds Oct 11

  • ID: 2039130
  • October 2011
  • Region: Global
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA/A-1' and 'AA' ratings to Citigroup Global Markets ROCs/ROLs II-R Trust's series 11980X, relating to Salt River's project electric system revenue bonds series 2008A. The long-term component of the rating on the ROCs and ROLs is based on the rating on the underlying bonds (AA). The short-term component of the rating on the ROCs is based on the 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:
- Oklahoma Tpk Auth
- 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 rating of holdings and identify key factors READ MORE >

- Oklahoma Tpk Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

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