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Summary: Ribco Trust Series 2008 FR-P16W Feb 08 Product Image

Summary: Ribco Trust Series 2008 FR-P16W Feb 08

  • Published: February 2008
  • Standard & Poors

Abstract
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

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 READ MORE >

Massachusetts,Ribco Tr

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