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Summary: Ribco Trust Series 2006 FR-K76 And RI-K76 Ratings Lowered To 'AA+/A-1' And 'AA+'; Off Watch Negative; Residual Certificates; Tender Option Certificates/Bonds Sep 11
Standard & Poors, September 2011
Standard & Poor's Ratings Services lowered its ratings on Ribco Trust's floating rate and residual interest trust receipts series 2006 FR-K76 and RI-K76, relating to Nebraska Investment Finance Authority's single-family housing revenue bonds series 2006F, to 'AA+/A-1' and 'AA+' from 'AAA/A-1' and 'AAA', respectively, and removed them from CreditWatch with negative implications. This action follows Standard & Poor's Aug. 8, 2011, downgrade of the rating on the underlying bonds to 'AA+' from 'AAA' and removal from 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 #: 63967C4R0). The short-term component of the rating on the floating receipts is based on the liquidity facility...
Companies mentioned in this report are: Nebraska Invest Fin Auth,Ribco Tr
Action: Removed From CreditWatch
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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.
Nebraska Invest Fin Auth,Ribco Tr