Summary: Ribco Trust's Series 2006 FR-K95 Ratings Placed On Watch Negative; Residual Certificates; Tender Option Certificates/Bonds Aug 11
- Language: English
- Published: August 2011
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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California Dept of Vet Affairs,Ribco Tr