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Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11623 Ratings Raised To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds Mar 12 Product Image

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11623 Ratings Raised To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds Mar 12

  • Published: March 2012
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services raised its ratings on Citigroup Global Markets ROCs/ROLs II-R Trust's series 11623, relating to District of Columbia Water & Sewer Authority's public utility subordinated-lien revenue refunding bonds series 2008A, to 'AA/A-1' and 'AA' from 'AA-/A-1' and 'AA-', respectively. This action follows Standard & Poor's March 6, 2012, upgrade of its rating on the underlying bonds to 'AA' from 'AA-'. The long-term component of the rating on the ROCs and ROLS is based on the rating on the underlying bonds (CUSIP #: 254845EP1). The short-term component of the rating on the ROCs is based on a liquidity facility provided by Citibank N.A. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating...

Companies mentioned in this report are:
- District of Columbia Wtr & Swr Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

Action: Upgraded

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 READ MORE >

- District of Columbia Wtr & Swr Auth
- Citigroup Global Markets ROCs/ROLs II-R Tr

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