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Summary: Ribco Trust Series 2008 FR-K31W Mar 08
Standard & Poors, March 2008
Ribco Trust floating rate trust receipts series 2008 FR-K31W is rated 'AA/A-1'. The long-term component of the rating is based on the 'AA' rated, Middlebury College (Vermont Educational and Health Buildings Financing Agency) revenue bonds series 2006A. The short-term component of the rating is based on a liquidity facility provided by Lehman Liquidity Co. LLC secured by a line of credit from Lehman Brothers Holdings Inc. expiring Feb. 1, 2009. Ribco Trust residual interest trust receipts series 2008 FR-K31W is rated 'AA'. The rating is based on the 'AA' rated, Middlebury College (Vermont Educational and Health Buildings Financing Agency) revenue bonds series 2006A....
Companies mentioned in this report are: Middlebury Coll,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.
Middlebury Coll,Ribco Tr