Summary: Ribco Trust Series 2008 FR-P12W Feb 08
Standard & Poors, February 2008
Abstract
Ribco Trust floating rate trust receipts series 2008 FR-P12W are rated 'AAA/A-1'. The long-term component of the rating is based on the 'AAA' rated, FSA-insured commonwealth of Puerto Rico improvement refunding bonds series 2004 B-2. 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 July 1, 2024. Ribco Trust residual interest trust receipts series 2008 FR-P12W are rated 'AAA'. The rating is based on the 'AAA' rated, FSA-insured commonwealth of Puerto Rico improvement refunding bonds series 2004 B-2. The stable outlook is based on the insurance provider, FSA....
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 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.
Puerto Rico,Ribco Tr
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
