Summary: Austin Trust Series 1098; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Austin Trust Series 1098; Residual Certificates; Tender Option Certificates/Bonds

Summary: Austin Trust Series 1098; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Austin Trust Series 1098; Residual Certificates; Tender Option Certificates/Bonds
Published Nov 19, 2012
1032 words — Published Nov 19, 2012
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Abstract:

Standard&Poor's Ratings Services affirmed its 'AA-/A-1' and 'AA-' ratings on Austin Trust's variable-rate and inverse-rate certificates, respectively, series 1098, relating to Illinois Finance Authority's insured revenue bonds series 2008A (The Children's Memorial Hospital). The affirmation reflects the deposit of additional bonds into the trust. The long-term component of the rating on the variable-rate and inverse-rate certificates is based on the rating on the underlying bonds. The short-term component of the rating on the variable-rate certificates is based on the liquidity facility provided by Bank of America N.A. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties

  
Brief Excerpt:

RESEARCH Summary: Austin Trust Series 1098; Residual Certificates; Tender Option Certificates/Bonds Publication date: 19-Nov-2012 Primary Credit Analyst: Beatriz Peguero, New York (1) 212-438-2164; beatriz_peguero@standardandpoors.com...

  
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Summary

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Austin Trust Series 1098; Residual Certificates; Tender Option Certificates/Bonds" Nov 19, 2012. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Austin-Trust-Series-1098-Residual-Certificates-Tender-Option-Certificates-Bonds-1036741>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Austin Trust Series 1098; Residual Certificates; Tender Option Certificates/Bonds Nov 19, 2012. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Austin-Trust-Series-1098-Residual-Certificates-Tender-Option-Certificates-Bonds-1036741>
  
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