Ribco Trust Series 2004 L27 Raised To 'AA+/A-1+' And 'AA+' Oct 06
Standard & Poors, October 2006
Abstract
CHICAGO (Standard & Poor's) Oct. 3, 2006--Standard & Poor's Ratings Services raised its rating on Ribco Trust's $356.7 million floating rate trust receipts and $25,000 residual interest rate trust receipts series 2004 L27, relating to California economic recovery bonds series 2004A, to 'AA+/A-1+' and 'AA+', respectively, from 'AA-/A-1+' and 'AA-', respectively. This action follows Standard & Poor's Sept. 26, 2006, upgrade of the underlying bonds to 'AA+' from 'AA-'. Complete ratings information is available to subscribers of RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; under Credit Ratings in the left navigation...
Companies mentioned in this report are:
- California
- Ribco Tr
Action: Upgraded
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- California
- Ribco Tr
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