Summary: State Street Bank & Trust Co. Clipper Tax-Exempt/Residual Certificates Series 2012-5A; Residual Certificates; Tender Option Certificates/Bonds Dec 12
- ID: 2359669
- December 2012
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA/A-1+' and 'AA' ratings to State Street Bank & Trust Co. Clipper Tax-Exempt/Residual Certificates' series 2012-5A, relating to Colorado Springs' utilities system revenue bonds series 2012C-1. The long-term component of the rating on the clipper tax-exempt and residual certificates is based on the rating on the underlying bond (AA). The short-term component of the rating on the clipper tax-exempt certificates is based on the rating on State Street Bank & Trust until Dec. 19, 2013. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and enforcement mechanisms available to investors and a description...
Companies mentioned in this report are:
- Colorado Springs
- State St Bank & Trust Co. Clipper Tax-Ex/Resid Certs
Action: New Rating
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