Ribco Trust floating rate trust receipts series 2007-P129W are rated 'AAA/A-1'. The long-term component of the rating is based on the 'AAA' rated FGIC-insured Sacramento County Water Financing Authority revenue bonds (Sacramento County Water Agency Zones 40 and 41 2007 Water System Project) series 2007B. 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 June 1, 2034. Ribco Trust residual interest trust receipts series 2007-P129W are rated 'AAA'. The rating is based on the 'AAA' rated FGIC-insured Sacramento County Water Financing Authority revenue bonds (Sacramento County Water Agency Zones 40 and 41 2007 Water System Project), series 2007B. The...
Companies mentioned in this report are:
- Sacramento Cnty
- Ribco Tr
- Sacramento Cnty Wtr Fincg Auth
Action: New Rating
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