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Summary: California Oct 02

  • ID: 2086078
  • October 2002
  • Region: California
  • Standard & Poors
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Abstract
RIBCO Trust floating rate trust receipts series 2002-L33J, relating to California 2002-2003 revenue anticipation notes, is rated 'SP-1/A-1'. The rating is based on the underlying bonds and a liquidity facility in the form of line of credit provided by Lehman Liquidity Co. LLC and guaranteed by Lehman Brothers Inc. until July 12, 2003. RIBCO Trust residual interest trust receipts series 2002-L33J, relating to California, 2002-2003 revenue anticipation notes is rated 'SP-1'. The rating is based on the underlying bonds....

Companies mentioned in this report are:
- California
- Ribco Tr

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
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- California
- Ribco Tr

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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