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Summary: Societe Generale Municipal Securities Trust Receipts; Joint Criteria; Tender Option Certificates/Bonds Mar 12 Product Image

Summary: Societe Generale Municipal Securities Trust Receipts; Joint Criteria; Tender Option Certificates/Bonds Mar 12

  • Published: March 2012
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its ratings on various Societe Generale Municipal Securities Trust Receipts' series SGC issues, due to the extension of the expiration dates for the liquidity and/or letter of credit facilities provided by Societe Generale. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and enforcement mechanisms available to investors and a description of how they differ from the representations, warranties and enforcement mechanisms in issuances of similar securities. The Rule applies to in-scope securities initially rated (including preliminary ratings) on or after Sept. 26, 2011. If applicable, the Standard & Poor's 17g-7 Disclosure...

Companies mentioned in this report are: Municipal Elec Auth of Georgia,Societe Generale Muni Secs Tr Rcpts Ser SGC
Action: Affirmed

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Municipal Elec Auth of Georgia,Societe Generale Muni Secs Tr Rcpts Ser SGC

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