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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 605PB; Residual Certificates; Tender Option Certificates/Bonds Mar 12 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 605PB; Residual Certificates; Tender Option Certificates/Bonds Mar 12

  • Published: March 2012
  • Region: Global
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-/A-1' and 'AA-' ratings to Citigroup Global Markets ROCs/ROLs II-R Trust's series 605PB, relating to city of Chicago, Ill.'s (Chicago O'Hare International Airport) general airport third-lien revenue bonds series 2005A. The long-term component of the rating on the ROCs and ROLs is based on the rating on the Assured Guaranty Municipal Corp.-insured underlying bonds (AA-). The short-term component of the rating on the ROCs is based on a liquidity facility provided by Citibank N.A. (A-1). The short-term component of the rating on the ROCs is based on a shortfall liquidity swap agreement, where the swap counterparty is Citibank N.A. Optionally tendered ROCs that are not remarketed will be purchased from the proceeds of...

Companies mentioned in this report are:
- Chicago
- Citigroup Global Markets ROCs/ROLs II-R Tr

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 READ MORE >

- Chicago
- Citigroup Global Markets ROCs/ROLs II-R Tr

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