Citigroup Global Markets ROCs/ROLs II-R Trust 11936 ROCs And ROLs Raised To 'AA+/A-1' And 'AA+' - S&P Global Ratings’ Credit Research

Citigroup Global Markets ROCs/ROLs II-R Trust 11936 ROCs And ROLs Raised To 'AA+/A-1' And 'AA+'

Citigroup Global Markets ROCs/ROLs II-R Trust 11936 ROCs And ROLs Raised To 'AA+/A-1' And 'AA+' - S&P Global Ratings’ Credit Research
Citigroup Global Markets ROCs/ROLs II-R Trust 11936 ROCs And ROLs Raised To 'AA+/A-1' And 'AA+'
Published Aug 13, 2014
3 pages (1124 words) — Published Aug 13, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Aug. 13, 2014--Standard&Poor's Ratings Services raised its long-term ratings on Citigroup Global Markets ROCs/ROLs II-R Trust's series 11936 ROCs and ROLs related to New York State's series 2011A general obligation bonds to 'AA+/A-1' and 'AA+', respectively, from 'AA/A-1' and 'AA'. This action follows Standard&Poor's opinion of its July 23, 2014, raising of its rating on the underlying bonds to 'AA+' from 'AA'. (For further information, please see the article, titled "New York State General Obligation Debt Upgraded To 'AA+' From 'AA' On Improved Budgetary Management Framework," published July 23, 2014, on RatingsDirect.) The long-term component of the ratings on the ROCs and ROLs reflects the rating on the underlying bonds. The

  
Brief Excerpt:

...There is no Standard & Poor's 17g-7 Disclosure Report included in this credit rating report because, in our view, there are no representations, warranties, and enforcement mechanisms available to investors. RELATED CRITERIA AND RESEARCH Related Criteria USPF Criteria: Secondary Market Derivative Products, June 27, 2007 Complete ratings information is available to subscribers of RatingsDirect at www.globalcreditportal.com and at www.spcapitaliq.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column....

  
Report Type:

Ratings Action

Issuer
New York State
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Citigroup Global Markets ROCs/ROLs II-R Trust 11936 ROCs And ROLs Raised To 'AA+/A-1' And 'AA+'" Aug 13, 2014. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Citigroup-Global-Markets-ROCs-ROLs-II-R-Trust-11936-ROCs-And-ROLs-Raised-To-AA-A-1-And-AA-1353146>
  
APA:
S&P Global Ratings’ Credit Research. (). Citigroup Global Markets ROCs/ROLs II-R Trust 11936 ROCs And ROLs Raised To 'AA+/A-1' And 'AA+' Aug 13, 2014. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Citigroup-Global-Markets-ROCs-ROLs-II-R-Trust-11936-ROCs-And-ROLs-Raised-To-AA-A-1-And-AA-1353146>
  
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