| Title: | Summary: Societe Generale Municipal Securities Trust Receipts Series 99 SG 125 |
| Price: | $175.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services affirmed the long-term component of its rating on Societe Generale Municipal Securities Trust Receipts series 99 SG 125, relating to Long Island Power Authority's electric system revenue bonds. This action reflects Standard&Poor's affirmation of its 'AAA' rating on the underlying bonds reflecting the investment of the escrow fund in noncallable U.S. government obligations. In the future, the long-term component of the rating of the trust should track the prerefunded rating of the bond insurer that provides an insurance policy for the underlying bonds. The long-term component of the rating is based on the underlying bonds, and the short-term component of the rating is based on a liquidity facility provided by Societe Generale. |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Societe Generale Municipal Securities Trust Receipts Series ## SG ### Publication date: ##-May-#### Primary Credit Analyst: Chi W Tang, New York (#) ###-###-####; chi_tang@standardandpoors.com... |
| Word Count: | 503 |
| Issuer: | Long Island Pwr Auth |
| Sector: | Global Issuers, Public Finance, Financial Institutions, Insurance, Utilities |
| Country: | United States |
| Region: | United States |
| Format: | 
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