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Summary: Rhode Island Convention Ctr Auth Sep 05 Product Image

Summary: Rhode Island Convention Ctr Auth Sep 05

  • Published: September 2005
  • Standard & Poors

Abstract
Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PT-3142, relating to Rhode Island Convention Center Authority refunding revenue bonds series 2005 A, are rated 'AAA/A-1'. The long-term component of the rating is based on the FSA-insured underlying bond. The short-term component of the rating is based on a liquidity facility from Merrill Lynch Capital Services (NR) and a liquidity guarantee from Merrill Lynch & Co. Inc. ('A-1'). The expiration date of the liquidity facility is Aug. 15, 2006. Merrill Lynch Puttable FLOATs/RITES Trust residual interest tax-exempt receipts series PT-3142, relating to Rhode Island Convention Center Authority refunding revenue bonds series 2005 A, are rated 'AAA'. The long-term rating is based on the FSA-insured underlying bond. The stable...

Companies mentioned in this report are: Rhode Island Convention Ctr Auth,Merrill Lynch Put FLOATs/RITES tr ser PT-1000
Action: New Rating

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Rhode Island Convention Ctr Auth,Merrill Lynch Put FLOATs/RITES tr ser PT-1000

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