Summary: Barclays Capital Inc. Series 2011-105W; Residual Certificates; Tender Option Certificates/Bonds Dec 11
Standard & Poors, December 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AA/A-1' and 'AA' ratings to Barclays Capital Inc.'s floater and residual certificates series 2011-105W, respectively, relating to Illinois Housing Development Authority's homeowner mortgage revenue bonds series 2006 subseries A-2. The long-term component of the rating on the floater and residual certificates is based on the rating on the underlying bonds (AA). The short-term component of the rating on the floater certificates is based on the rating on Barclays Bank PLC until Aug. 1, 2026. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and enforcement mechanisms available to investors and a...
Companies mentioned in this report are: Illinois Hsg Dev Auth,Barclays Capital Inc.
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.
Illinois Hsg Dev Auth,Barclays Capital Inc.
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