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Summary: BB&T Municipal Trust; Joint Criteria; Tender Option Certificates/Bonds May 12 Product Image

Summary: BB&T Municipal Trust; Joint Criteria; Tender Option Certificates/Bonds May 12

  • Published: May 2012
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its ratings on various BB&T Municipal Trust issues, due to the extension of the expiration date of the associated letters of credit and/or liquidities. 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 Report included in this credit rating report is available...

Companies mentioned in this report are: Alabama Pub Sch & Coll Auth,BB&T Muni Tr
Action: Affirmed

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Alabama Pub Sch & Coll Auth,BB&T Muni Tr

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