Summary: Morgan Stanley & Co. Inc. Trust Series 2008-3285; Residual Certificates; Tender Option Certificates/Bonds Nov 11
- Language: English
- Published: November 2011
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
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