The Indonesian Defense Sector - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015
- Published: July 2010
- Region: Indonesia
Standard & Poor's Ratings Services placed 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, on CreditWatch with negative implications. This action follows Standard & Poor's July 15, 2011, placement of its rating on the underlying bonds on 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 Derivative Products, June 27, 2007...
Companies mentioned in this report are: CHRISTUS Hlth,Merrill Lynch Put FLOATs/RITES tr ser PT-1000
Action: On CreditWatch:Negative
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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