Summary: GS Municipal Product LLC Series 2006-44TPZ Ratings Lowered To ?A+/A-1? And ?A+?; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds Feb 12
- ID: 2053254
- February 2012
- Standard & Poors
Standard & Poor's Ratings Services lowered its rating on GS Municipal Product LLC's series 2006-44TPZ, relating to San Mateo County Community College District, Calif.'s (San Mateo County) general obligation Bonds (Election of 2001) series 2005B and series 2006A, to 'A+/A-1' and 'A+' from 'AA-/A-1+' and 'AA-', respectively. 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 and short-term...
Companies mentioned in this report are: San Mateo Cnty Comnty Coll Dist,GS Muni Product LLC
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