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

  • ID: 2127579
  • 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

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

Note: Product cover images may vary from those shown

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

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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