Summary: Morgan Stanley & Co. Inc. Trust Series 2008-3280; Residual Certificates; Tender Option Certificates/Bonds Jan 12
- ID: 2042213
- January 2012
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA/A-1' and 'AAA' ratings to Morgan Stanley & Co. Inc. Trust's floater and residual certificates series 2008-3280, respectively, relating to the city of Cincinnati, Ohio's water system revenue and refunding term bonds series 2011A. The long-term component of the rating on the floater and residual certificates is based on the rating on the underlying bonds (AAA). The short-term component of the rating on the floater certificates is based on the rating on Morgan Stanley Bank N.A., until Jan. 15, 2013. 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...
Companies mentioned in this report are:
- Morgan Stanley & Co Inc Tr
Action: New Rating
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