Summary: AUSTIN Trust Series BOA 1207 Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: AUSTIN Trust Series BOA 1207 Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds

Summary: AUSTIN Trust Series BOA 1207 Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: AUSTIN Trust Series BOA 1207 Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds
Published Sep 08, 2011
Published Sep 08, 2011
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services lowered its ratings on Austin Trust's variable and inverse certificates series BOA 1207, relating to California Education Facilities Authority's (University of Southern California) revenue bonds series 2009A, to 'AA/A-1' and 'AA' from 'AA+/A-1' and 'AA+', respectively. This action follows Standard&Poor's Aug. 5, 2011, downgrade of its rating on the underlying bonds to 'AA' from 'AA+'. The long-term component of the rating on the variable and inverse certificates is based on the rating on the underlying bonds (CUSIP #: 130178RW8). The short-term component of the rating is based on the liquidity provided by Bank of America N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007

  
Report Type:

Summary

Issuer
University of Southern California
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: AUSTIN Trust Series BOA 1207 Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds" Sep 08, 2011. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-AUSTIN-Trust-Series-BOA-1207-Ratings-Lowered-To-AA-A-1-And-AA-Residual-Certificates-Tender-Option-Certificates-Bonds-889780>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: AUSTIN Trust Series BOA 1207 Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds Sep 08, 2011. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-AUSTIN-Trust-Series-BOA-1207-Ratings-Lowered-To-AA-A-1-And-AA-Residual-Certificates-Tender-Option-Certificates-Bonds-889780>
  
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