Barclays Capital Inc. Series 2009-1W Ratings Raised To 'AAA/A-1' And 'AAA'; Dual Rating On Watch Negative

CHICAGO (Standard&Poor's) March 30, 2015--Standard&Poor's Ratings Services raised its ratings on Barclays Capital Inc.'s series 2009-1W floating-rate trust receipts (floater-TRs) and residual-interest trust receipts (RI-TRs), relating to King County, Wash.'s series 2009 limited-tax general obligation bonds, to 'AAA/A-1' and 'AAA', respectively, from 'AA/A-1' and 'AA', respectively. The rating on the floater-TRs is on CreditWatch with negative implications. These actions follow Standard&Poor's Jan. 30, 2015, raising of its rating on the underlying bonds two notches to 'AAA' from 'AA' (see, "S&P Assigns Its Underlying Ratings To Various Secondary Market Insured CUSIPs", published Jan. 30, 2015, on RatingsDirect). Subsequently, the rating on the floater-TRs was placed on CreditWatch with negative implications on Feb. 25, 2015, following

...CHICAGO (Standard & Poor's) March 30, 2015--Standard & Poor's Ratings Services raised its ratings on Barclays Capital Inc.'s series 2009-1W floating-rate trust receipts (floater-TRs) and residual-interest trust receipts (RI-TRs), relating to King County, Wash.'s series 2009 limited-tax general obligation bonds, to '###/A-1' and '###', respectively, from '##/A-1' and '##', respectively. The rating on the floater-TRs is on CreditWatch with negative implications. These actions follow Standard & Poor's Jan. 30, 2015, raising of its rating on the underlying bonds two notches to '###' from '##' (see, "S&P Assigns Its Underlying Ratings To Various Secondary Market Insured CUSIPs", published Jan. 30, 2015, on RatingsDirect). Subsequently, the rating on the floater-TRs was placed on CreditWatch with negative implications on Feb. 25, 2015, following the Feb. 3, 2015, placement of the ratings on Barclays Bank PLC, the liquidity provider for the floater-TRs, on CreditWatch Negative (see, "S&P Takes...

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