Home Credit Ratings and Research S&P Global Ratings’ Credit Research Indianapolis

Merrill Lynch Puttable FLOATs/RITEs Trust Series PT-3962 FLOATs And RITES Certificate Ratings Raised To 'AA+/A-2', 'AA+'

Published Jun 16, 2014

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

NEW YORK (Standard&Poor's) June 16, 2014--Standard&Poor's Ratings Services raised its long-term ratings on Merrill Lynch Puttable FLOATs/RITEs Trust (Series PT-1000)'s series PT-3962 puttable floating-option tax-exempt receipts (FLOATs) and residual-interest tax-exempt securities receipts (RITES) related to Indianapolis Local Public Improvement Bond Bank's series 2007B bonds (waterworks project) (non-AMT) two notches to 'AA+/A-2' and 'AA+', respectively, from 'AA-/A-2' and 'AA-'. This action follows Standard&Poor's June 2, 2014, reinstatement of its underlying rating (SPUR) on the underlying bonds. (For further information, please see the article, titled "S&P Reinstates 'A+' Rating On Indianapolis, IN's Waterworks Revenue Bonds," published June 3, 2014, on RatingsDirect.) The long-term component of the ratings on the FLOATs and RITEs certificates are jointly based

Report Type:

Ratings Action

Issuer

Indianapolis

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Indianapolis, Indiana; Combined Utility – 2014/06/27 – US$ 500.00

Summary: Indianapolis, Indiana; Combined Utility – 2014/06/27 – US$ 225.00

Transaction Update: Indianapolis, Ind. (Series 2004B) – 2014/07/16 – US$ 375.00

Transaction Update: Indianapolis, Ind. (Series 2004A) – 2014/07/16 – US$ 375.00

Indianapolis, Ind. Bonds Series 2004A (Nora Commons) Rating Raised To 'AA-/A-1+' – 2014/07/16 – US$ 150.00

Merrill Lynch Puttable FLOATs/RITES Trust Series PT-3962 Floater And Residual Receipts Ratings Cut To 'AA-/A-2', 'AA-' – 2014/06/09 – US$ 150.00

Summary: The Indianapolis Local Public Improvement Bond Bank Indianapolis, Indiana; Water/Sewer – 2014/06/05 – US$ 225.00

S&P Reinstates 'A+' Rating On Indianapolis, IN's Waterworks Revenue Bonds – 2014/06/03 – US$ 150.00

Indianapolis Local Public Improvement Bond Bank Waterworks-Backed Rating Withdrawn – 2014/05/23 – US$ 150.00

Indianapolis Indianapolis Local Public Improvement Bond Bank; Appropriations; General Obligation; General Obligation Equivalent Security; Moral Obligation – 2014/05/19 – US$ 500.00

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. "Merrill Lynch Puttable FLOATs/RITEs Trust Series PT-3962 FLOATs And RITES Certificate Ratings Raised To 'AA+/A-2', 'AA+'" Jun 16, 2014. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Merrill-Lynch-Puttable-FLOATs-RITEs-Trust-Series-PT-3962-FLOATs-And-RITES-Certificate-Ratings-Raised-To-AA-A-2-AA-1333570>

APA:	S&P Global Ratings’ Credit Research. (). Merrill Lynch Puttable FLOATs/RITEs Trust Series PT-3962 FLOATs And RITES Certificate Ratings Raised To 'AA+/A-2', 'AA+' Jun 16, 2014. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Merrill-Lynch-Puttable-FLOATs-RITEs-Trust-Series-PT-3962-FLOATs-And-RITES-Certificate-Ratings-Raised-To-AA-A-2-AA-1333570>

US$ 150.00

$ £ €

Have a Question?

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

Example Report

Click to View Sample Report

More Research

Search all our Credit Research from one place.