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Summary: California Oct 02 Product Image

Summary: California Oct 02

  • ID: 2086078
  • October 2002
  • Region: California
  • Standard & Poors

Abstract
The Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PA-1082, relating to California GO bonds, is rated 'A+/A-1'. The long-term component of the rating is based on the guarantee from Merrill Lynch & Co. Inc. The short-term component of the rating is based on a liquidity guarantee from Merrill Lynch & Co. Inc., and the expiration date of the liquidity facility is Oct. 15, 2003....

Companies mentioned in this report are:
- California
- Merrill Lynch Put FLOATs/RITES tr Ser PA

Action: New Rating

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.

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.

Note: Product cover images may vary from those shown

- California
- Merrill Lynch Put FLOATs/RITES tr Ser PA

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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