As a result of the Oct. 17, 2002 downgrade of the short-term component of rating for Morgan Stanley&Co., Inc., the municipal synthetic floater ratings for which Morgan Stanley is the liquidity facility provider have also been lowered to 'A-1'.
Ratings Action
Summary: Austin, TX – 2002/12/16 – US$ 225.00
Summary: Austin, TX; Tax Secured, General Obligation – 2003/01/09 – US$ 225.00
Austin, TX's Credit Strengths Back 'A-' Rating on Electric Utility System Refunding Bonds – 2003/01/29 – US$ 150.00
Austin, TX's Strong Finances Support 'A-' Rating on Water&Wastewater System Refunding Bonds – 2003/01/29 – US$ 150.00
Austin, Texas; Utility, Water/Sewer – 2003/01/30 – US$ 500.00
Summary: Austin, TX – 2002/10/07 – US$ 225.00
Austin, TX's Public Improvement Bonds Rated 'AA+' on Stable and Diverse Economy – 2002/08/22 – US$ 150.00
Austin, Texas; Tax Secured, General Obligation – 2002/08/22 – US$ 500.00
Summary: Austin, TX; Tax Secured, General Obligation – 2002/08/22 – US$ 225.00
Summary: Austin, TX; Utility, Water/Sewer – 2002/07/11 – US$ 225.00
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.
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