The Indonesian Defense Sector - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015
- Published: July 2010
- Region: Indonesia
Standard & Poor's Ratings Services lowered its ratings on Merrill Lynch Puttable FLOATs/RITES Trust's series PT-2350, relating to Harris County Health Facilities Development Corp.'s SCH Health Care System revenue bonds series 1997B, to 'AA+/A-1' and 'AA+' from 'AAA/A-1' and 'AAA', respectively, and removed them from CreditWatch with negative implications. This action follows Standard & Poor's Aug. 8, 2011, downgrade and removal of its rating on the underlying bonds from CreditWatch with negative implications. The long-term component of the rating on the FLOATs and RITES is based on the rating on the underlying bonds (CUSIP #: 41315RAZ7). The short-term component of the rating on the FLOATs is based on the liquidity facility provided by Dexia Credit Local. USPF Criteria: Secondary Market...
Companies mentioned in this report are: CHRISTUS Hlth,Merrill Lynch Put FLOATs/RITES tr ser PT-1000
Action: Removed From CreditWatch
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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.
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CHRISTUS Hlth,Merrill Lynch Put FLOATs/RITES tr ser PT-1000