Summary: Ribco Trust Series 2006 FR-K95 Ratings Lowered To 'AA+/A-1' And 'AA+'; Off Watch Negative; Residual Certificates; Tender Option Certificates/Bonds Sep 11
- Language: English
- Published: September 2011
Ribco Trust floating rate trust receipts series 2008 FR-P16W are rated 'AA/A-1'. The long-term component of the rating is based on the 'AA' rated, commonwealth of Massachusetts general obligation refunding bonds series 2007A. 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 Nov. 1, 2025. Ribco Trust residual interest trust receipts series 2008 FR-P16W are rated 'AA'. The rating is based on the 'AA' rated, commonwealth of Massachusetts general obligation refunding bonds series 2007A....
Companies mentioned in this report are: Massachusetts,Ribco Tr
Action: New Rating
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