- Language: English
- 78 Pages
- Published: October 2011
- Region: Thailand
Lehman Brothers Inc. Liquidity Facility-Backed Ratings Cut; On CreditWatch Developing Sep 08
- Published: September 2008
- Standard & Poors
CHICAGO (Standard & Poor's) Sept. 17, 2008--Standard & Poor's Ratings Services lowered its short-term ratings on nine Lehman Brothers Inc. liquidity facility-backed issues and placed them on CreditWatch with developing implications. This action follows Standard & Poor's Sept. 15, 2008, downgrade of Lehman Brothers Inc. to 'BB-/B' from 'A+/A-1' and placement of the rating on CreditWatch with developing implications. As Lehman Brothers provides liquidity for the issues, the downgrade and CreditWatch action only affect the short-term ratings on the issues. Issue Description Ribco Trust (California) floating rate trust receipts (FR-TRs) series 2004 L27 relating to State of California economic recovery bonds series 2004A Ribco Trust series 00L-12 floating rate trust receipts (FR-Trs) relating to Chicago college single-family mortgage revenue bonds...
Companies mentioned in this report are: Texas Dept of Hsg & Comnty Affairs,Lehman Brothers Inc.,Ribco Tr
Action: On CreditWatch:Developing
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
SHOW LESS READ MORE >
Texas Dept of Hsg & Comnty Affairs,Lehman Brothers Inc.,Ribco Tr