Summary: Barclays Capital Inc. Series 2012-9W; Residual Certificates; Tender Option Certificates/Bonds Jul 12
- ID: 2173313
- July 2012
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA/A-1' and 'AAA' ratings to Barclays Capital Inc.'s floating rate trust receipts (Floater-TRs) and residual interest trust receipts (RI-TRs), respectively, series 2012-9W, relating to New York State Environmental Facilities Corp.'s state clean water and drinking water revolving funds revenue bonds (New York City Municipal Water Finance Authority Projects - second resolution bonds) series 2012D. The long-term component of the rating on the Floater-TRs and RI-TRs is based on the rating on the underlying bonds (AAA). The short-term component of the rating on the Floater-TRs is based on the rating on Barclays Bank PLC until July 1, 2013. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an...
Companies mentioned in this report are:
- New York City Mun Wtr Fin Auth
- Barclays Capital Inc.
Action: New Rating
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 lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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. SHOW LESS READ MORE >