- Language: English
- Published: October 2012
- Region: Argentina
Structured Asset Trust Unit Repackagings (SATURNS) Limited Brands Debenture Backed Series 2005-3 Rating Lowered To 'BB-' Feb 12
- Published: February 2012
- Standard & Poors
NEW YORK (Standard & Poor's) Feb. 8, 2012--Standard & Poor's Ratings Services today lowered its rating on Structured Asset Trust Unit Repackagings (SATURNS) Limited Brands Inc. Debenture Backed Series 2005-3?s $25 million callable units to 'BB-' from 'BB+'. Our rating on the callable units is dependent on our rating on the underlying security, Limited Brands' 6.95% debentures due March 1, 2033 ('BB-'). Today's downgrade follows our Feb. 2, 2012, lowering of our rating on the underlying security to 'BB-' from 'BB+'. We may take subsequent rating actions on the units due to changes in our rating on the underlying security. STANDARD & POOR'S 17G-7 DISCLOSURE REPORT SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating...
Companies mentioned in this report are: Structured Asset Trust Unit Repackagings (SATURNS), Limited Brands Inc. Debenture Backed Series 2005-3
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Structured Asset Trust Unit Repackagings (SATURNS), Limited Brands Inc. Debenture Backed Series 2005-3