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Summary: GS Municipal Product LLC Series 2008-9TP Rating Lowered To ?AA+/A-1?; Tender Option Certificates/Bonds Feb 12
Standard & Poors, February 2012
Standard & Poor's Ratings Services lowered its ratings on GS Municipal Product LLC's floater certificates series 2008-9TP, relating to North Carolina Capital Facilities Agency's (Duke University Project) revenue bonds series 2006A, to 'AA+/A-1' from 'AA+/A-1+'. The liquidity facility provided by Wells Fargo & Co. has been extended to Nov. 15, 2012. This action follows Standard & Poor's Nov. 29, 2011, downgrade of its rating on Wells Fargo & Co. to 'A+/A-1' from 'AA-/A-1+' (please see "Standard & Poor's Applies Its Revised Bank Criteria To 37 Of The Largest Rated Banks And Certain Subsidiaries," published Nov. 29, 2011, on RatingsDirect on the Global Credit Portal). The long-term component of the rating is based on the rating on the underlying bonds (CUSIP...
Companies mentioned in this report are: Duke Univ,GS Muni Product LLC
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Duke Univ,GS Muni Product LLC