Citigroup Global Markets ROCs/ROLs II-R Trust Series 11676 Ratings Lowered To 'AA-/A-1' And 'AA-' - S&P Global Ratings’ Credit Research

Citigroup Global Markets ROCs/ROLs II-R Trust Series 11676 Ratings Lowered To 'AA-/A-1' And 'AA-'

Citigroup Global Markets ROCs/ROLs II-R Trust Series 11676 Ratings Lowered To 'AA-/A-1' And 'AA-' - S&P Global Ratings’ Credit Research
Citigroup Global Markets ROCs/ROLs II-R Trust Series 11676 Ratings Lowered To 'AA-/A-1' And 'AA-'
Published Oct 10, 2013
Published Oct 10, 2013
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Abstract:

NEW YORK (Standard&Poor's) Oct. 10, 2013--Standard&Poor's Ratings Services lowered its ratings on Citigroup Global Markets ROCs/ROLs II-R Trust's series 11676 reset option certificates (ROCs) and reset option longs (ROLs), relating to Michigan State Hospital Finance Authority's (Trinity Health) revenue refunding bonds, by one notch to 'AA-/A-1' and 'AA-', respectively, from 'AA/A-1' and 'AA', respectively. This action follows Standard&Poor's Oct. 3, 2013, lowering of its rating on the underlying bonds by one notch 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#: 59465HKH8). The short-term component of the rating on the ROCs is based on a liquidity facility provided

  
Report Type:

Ratings Action

Ticker
27822Z
Issuer
Sector
Global Issuers, Public Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Citigroup Global Markets ROCs/ROLs II-R Trust Series 11676 Ratings Lowered To 'AA-/A-1' And 'AA-'" Oct 10, 2013. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Citigroup-Global-Markets-ROCs-ROLs-II-R-Trust-Series-11676-Ratings-Lowered-To-AA-A-1-And-AA-1202396>
  
APA:
S&P Global Ratings’ Credit Research. (). Citigroup Global Markets ROCs/ROLs II-R Trust Series 11676 Ratings Lowered To 'AA-/A-1' And 'AA-' Oct 10, 2013. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Citigroup-Global-Markets-ROCs-ROLs-II-R-Trust-Series-11676-Ratings-Lowered-To-AA-A-1-And-AA-1202396>
  
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