Summary: Societe Generale Municipal Securities Trust Receipts; Custodial Receipts; Joint Criteria; Tender Option Certificates/Bonds Jul 12
- Language: English
- Published: July 2012
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
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
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Municipal Elec Auth of Georgia,Societe Generale Muni Secs Tr Rcpts Ser SGC