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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11974; Residual Certificates; Tender Option Certificates/Bonds Jul 11

  • ID: 2039220
  • July 2011
  • Region: Global
  • Standard & Poors
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FEATURED COMPANIES

  • California Ed Fac Auth
  • MORE

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 11974, relating to California Educational Facilities Authority's (University of Southern California) revenue bonds series 2009A. The long-term component of the rating is based on the rating on the 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 amount of bonds, and to the...

Companies mentioned in this report are:
- California Ed Fac 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 underlying an issuer's creditworthiness, distinguishes the READ MORE >

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- California Ed Fac Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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