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Summary: Deutsche Bank Securities Inc. Receipts Series DB-1042; Residual Certificates; Tender Option Certificates/Bonds Dec 11 Product Image

Summary: Deutsche Bank Securities Inc. Receipts Series DB-1042; Residual Certificates; Tender Option Certificates/Bonds Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+/A-1' and 'AA+' ratings to Deutsche Bank Securities Inc. Receipts' short puttable exempt adjustable receipts (SPEARs) and long inverse floating exempt receipts (LIFERs) series DB-1042, relating to Massachusetts Water Resources Authority's general revenue refunding bonds series 2011C. The long-term component of the rating oin the SPEARs and LIFERs is based on the rating on the underlying bonds (AA+).-The short-term component of the rating on the SPEARS is based on the liquidity facility provided by Deutsche Bank AG, scheduled to expire on Nov. 15, 2012. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the...

Companies mentioned in this report are: Massachusetts Wtr Resources Auth,Deutsche Bank Securities Inc Rcpts (Series 1000)
Action: New Rating

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Massachusetts Wtr Resources Auth,Deutsche Bank Securities Inc Rcpts (Series 1000)

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