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Summary: Morgan Stanley & Co. Inc. Trust Series 2008-3108; Residual Certificates; Tender Option Certificates/Bonds Jan 12 Product Image

Summary: Morgan Stanley & Co. Inc. Trust Series 2008-3108; Residual Certificates; Tender Option Certificates/Bonds Jan 12

  • ID: 2041732
  • January 2012
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-/A-1' and 'AA-' ratings to Morgan Stanley & Co. Inc. Trust's floater and residual certificates, respectively, series 2008-3108, relating to California Statewide Communities Development Authority's (Sutter Health) revenue bonds series 2003A. The long-term component of the rating on the floater and residual certificates is based on the rating on the underlying bonds (AA-). The short-term component of the rating on the floater certificates is based on the rating on Morgan Stanley Bank N.A., until Oct. 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 representations, warranties and enforcement mechanisms available to investors...

Companies mentioned in this report are:
- Sutter Hlth
- Morgan Stanley & Co Inc 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 READ MORE >

- Sutter Hlth
- Morgan Stanley & Co Inc Tr

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