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Ribco Trust Series 2004 L27 Raised To 'AA+/A-1+' And 'AA+' Oct 06
Standard & Poors, October 2006
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:
- Ribco Tr
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- Ribco Tr