DB SPEARs/LIFERs Trust Ratings Lowered To 'A+' And 'A+/A-2' On Various Tender-Option-Bond Trust Issue Receipts - S&P Global Ratings’ Credit Research

DB SPEARs/LIFERs Trust Ratings Lowered To 'A+' And 'A+/A-2' On Various Tender-Option-Bond Trust Issue Receipts

DB SPEARs/LIFERs Trust Ratings Lowered To 'A+' And 'A+/A-2' On Various Tender-Option-Bond Trust Issue Receipts - S&P Global Ratings’ Credit Research
DB SPEARs/LIFERs Trust Ratings Lowered To 'A+' And 'A+/A-2' On Various Tender-Option-Bond Trust Issue Receipts
Published Aug 02, 2019
4 pages (1713 words) — Published Aug 02, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Aug. 2, 2019--S&P Global Ratings lowered its ratings on various DB SPEARs/LIFERs Trust tender-option-bond trust issues--series DBE-8011, DBE-8011A, DBE-8011B, DBE-8037--related to various underlying bonds, to 'A+' and 'A+/A-2' from 'AA-' and 'AA-/A-2', respectively. This rating action follows various rating actions taken by S&P Global Ratings. (Please see the report, titled "Various Actions Taken On Dignity Health, CA And Catholic Health Initiatives, CO Debt; CommonSpirit, IL Debt Rated 'BBB+'," published July 15, 2019, on RatingsDirect.) The long-term rating on the custodial receipts jointly reflects the rating on the underlying bonds and credit enhancement provided by Deutsche Bank AG, New York branch, at the correlation level noted in the table above. The long-term component of the rating

  
Brief Excerpt:

...action can be found on S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column....

  
Report Type:

Ratings Action

Issuer
California Health Facilities Financing Authority
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "DB SPEARs/LIFERs Trust Ratings Lowered To 'A+' And 'A+/A-2' On Various Tender-Option-Bond Trust Issue Receipts" Aug 02, 2019. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/DB-SPEARs-LIFERs-Trust-Ratings-Lowered-To-A-And-A-A-2-On-Various-Tender-Option-Bond-Trust-Issue-Receipts-2277080>
  
APA:
S&P Global Ratings’ Credit Research. (). DB SPEARs/LIFERs Trust Ratings Lowered To 'A+' And 'A+/A-2' On Various Tender-Option-Bond Trust Issue Receipts Aug 02, 2019. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/DB-SPEARs-LIFERs-Trust-Ratings-Lowered-To-A-And-A-A-2-On-Various-Tender-Option-Bond-Trust-Issue-Receipts-2277080>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.