Deutsche Bank Securities Inc. Receipts Series DBE-1122 Ratings Lowered To 'AA+/A-1', 'AA+', And 'AA+' - S&P Global Ratings’ Credit Research

Deutsche Bank Securities Inc. Receipts Series DBE-1122 Ratings Lowered To 'AA+/A-1', 'AA+', And 'AA+'

Deutsche Bank Securities Inc. Receipts Series DBE-1122 Ratings Lowered To 'AA+/A-1', 'AA+', And 'AA+' - S&P Global Ratings’ Credit Research
Deutsche Bank Securities Inc. Receipts Series DBE-1122 Ratings Lowered To 'AA+/A-1', 'AA+', And 'AA+'
Published Feb 12, 2014
Published Feb 12, 2014
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Abstract:

NEW YORK (Standard&Poor's) Feb. 12, 2014--Standard&Poor's Ratings Services has lowered its ratings on Deutsche Bank Securities Inc. Receipts' series DBE-1122 short puttable exempt adjustable receipts (SPEARs), long inverse floating exempt receipts (LIFERs), and custodial receipts, relating to Illinois Finance Authority's (Centegra Health System) series 2012 revenue refunding bonds, to 'AA+/A-1', 'AA+', and 'AA+', respectively, from 'AAA/A-1', 'AAA', and 'AAA', respectively. This action follows Standard&Poor's Jan. 22, 2014, lowering of its rating on the underlying bonds by one notch to 'BBB+' from 'A-'. (See, "Centegra Health System, IL Series 2012 Rating Lowered To 'BBB+' On Weak Operations And Coverage ", published Jan. 22, 2014, on RatingsDirect.) The long-term component of the ratings on the SPEARs

  
Report Type:

Ratings Action

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Global Issuers, Public Finance, Structured Finance
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Deutsche Bank Securities Inc. Receipts Series DBE-1122 Ratings Lowered To 'AA+/A-1', 'AA+', And 'AA+'" Feb 12, 2014. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Deutsche-Bank-Securities-Inc-Receipts-Series-DBE-1122-Ratings-Lowered-To-AA-A-1-AA-And-AA-1258095>
  
APA:
S&P Global Ratings’ Credit Research. (). Deutsche Bank Securities Inc. Receipts Series DBE-1122 Ratings Lowered To 'AA+/A-1', 'AA+', And 'AA+' Feb 12, 2014. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Deutsche-Bank-Securities-Inc-Receipts-Series-DBE-1122-Ratings-Lowered-To-AA-A-1-AA-And-AA-1258095>
  
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