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Summary: Ribco Trust Series 2007 P86W Aug 07 Product Image

Summary: Ribco Trust Series 2007 P86W Aug 07

  • ID: 2086394
  • August 2007
  • Standard & Poors

Abstract
Ribco Trust floating rate trust receipts series 2007 FR-P86W, relating to state of California veterans general obligation bonds series CD, are rated 'AA-/A-1'. The long-term component of the rating is based on the underlying bonds. 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 Dec. 1, 2029. Ribco Trust residual interest trust series 2007 RI-P86W, relating to state of California veterans general obligation bonds series CD, are rated 'AA-'. The rating is based on the underlying bonds....

Companies mentioned in this report are:
- California Dept of Vet Affairs
- Ribco Tr

Action: New Rating

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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.

- California Dept of Vet Affairs
- Ribco Tr

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