• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
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

  • ID: 2088611
  • 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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. READ MORE >

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

Note: Product cover images may vary from those shown

RELATED PRODUCTS