Summary: AUSTIN Trust's Series BOA 3318 Ratings Lowered To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: AUSTIN Trust's Series BOA 3318 Ratings Lowered To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds

Summary: AUSTIN Trust's Series BOA 3318 Ratings Lowered To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: AUSTIN Trust's Series BOA 3318 Ratings Lowered To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds
Published Nov 18, 2010
Published Nov 18, 2010
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services lowered its ratings on AUSTIN Trust's variable certificates and investment certificates series BOA 3318, relating to San Francisco City and County, Calif.'s general obligations bonds series 2008-R3, to 'AA+/A-1' and 'AA+' from 'AAA/A-1' and 'AAA', respectively. These actions follow Standard&Poor's Oct. 25, 2010, downgrade of the rating on the underlying bonds to 'AA+' from 'AAA'. The long-term component of the rating is based on the Assured Guaranty Municipal Corp.-insured underlying bond (CUSIP: 797646kg0). The short-term component of the rating is based on the Liquidity facility provided by Bank of America N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007

  
Report Type:

Summary

Issuer
San Francisco City and County
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: AUSTIN Trust's Series BOA 3318 Ratings Lowered To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds" Nov 18, 2010. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-AUSTIN-Trust-s-Series-BOA-3318-Ratings-Lowered-To-AA-A-1-And-AA-Residual-Certificates-Tender-Option-Certificates-Bonds-832451>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: AUSTIN Trust's Series BOA 3318 Ratings Lowered To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds Nov 18, 2010. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-AUSTIN-Trust-s-Series-BOA-3318-Ratings-Lowered-To-AA-A-1-And-AA-Residual-Certificates-Tender-Option-Certificates-Bonds-832451>
  
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