Summary: California Jun 04
- ID: 2198407
- June 2004
- Region: California
- Standard & Poors
Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PT-2266, relating to California general obligation bonds, are rated 'AAA/A-1+'. The long-term component of the rating is based on the Ambac-insured underlying bond. The short-term component of the rating is based on a liquidity guarantee from Dexia Credit Local, and the expiration date of the liquidity facility is June 15, 2005. Merrill Lynch Puttable FLOATs/RITES Trust residual interest tax-exempt securities receipts series PT-2266, relating to California general obligation bonds, are rated 'AAA'. The long-term component of the rating is based on the Ambac-insured underlying bond....
Companies mentioned in this report are:
- Merrill Lynch Put FLOATs/RITES tr ser PT-1000
Action: New Rating
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