Summary: Ribco Trust's Series 2006 FR-K72 And RI-K72 Ratings Placed On Watch Negative; Residual Certificates; Tender Option Certificates/Bonds Jul 11
- ID: 2086079
- July 2011
- Standard & Poors
Standard & Poor's Ratings Services placed its ratings on Ribco Trust's floating rate and residual interest trust receipts series 2006 FR-K72 and RI-K72, relating to Gwinnett County Housing Authority, Ga.'s multifamily housing revenue bonds series 2004, on CreditWatch with negative implications. This action follows Standard & Poor's July 15, 2011, placement of its rating on the underlying bonds on CreditWatch with negative implications. The long-term component of the rating on the floating and residual receipts is based on the rating on the underlying bonds (CUSIP #: 403735BR3). The short-term component of the rating on the floating receipts is based on the liquidity facility provided by Citibank N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...
Companies mentioned in this report are: Gwinnett Cnty Hsg Auth,Ribco Tr
Action: On CreditWatch:Negative
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