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Summary: Puerto Rico Nov 03

  • ID: 2086414
  • November 2003
  • Region: Puerto Rico
  • Standard & Poors
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Abstract
The long-term component of the 'SP-1+/A-1' rating on RIBCO Trust Series 2003L-38J floating rate trust receipts is based on the rating of the underlying Commonwealth of Puerto Rico tax and revenue anticipation notes series 2004A-2. The short-term component of the rating is based on a liquidity facility in the form of a line of credit guaranteed by Lehman Brothers Inc. The line of credit which expires on July 30, 2004, unless earlier terminated pursuant to its terms, will cover the purchase price of tendered but unremarketed bonds. The rating on RIBCO Trust Series 2003L-38J residual interest rate trust receipts is based on the rating of the underlying Commonwealth of Puerto Rico tax and revenue anticipation notes series 2004A-2. Complete ratings...

Companies mentioned in this report are:
- Puerto Rico
- 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 READ MORE >

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- Puerto Rico
- Ribco Tr

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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