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:
- Ribco Tr
Action: New Rating
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