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Summary: Bear Stearns Municipal Securities Trust Certificates Series 2002-185 Raised To ?AAA/A-1?

Published Mar 14, 2008

508 words — Published Mar 14, 2008

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Abstract:

Standard&Poor's Ratings Services raised its rating on Bear Stearns Municipal Securities Trust Certificates class A certificates series 2002-185, relating to Atlanta, Ga. water and wastewater revenue bonds series 1999, to 'AAA/A-1' from 'AA/A-1'. The upgrade is based on the addition of secondary bond insurance provided by FSA. The underlying bonds also have primary market bond insurance provided by FGIC, and a Standard&Poor's underlying rating (SPUR) of 'A'. The short-term component of the rating is based on a liquidity facility provided by Bear Stearns Capital Markets Inc. (NR) with a guarantee provided by Bear Stearns Cos. Inc. ('A+/A-1') scheduled to expire on Jan. 24, 2009. The stable outlook is based on the bond insurer, FSA.

Brief Excerpt:

RESEARCH Summary: Bear Stearns Municipal Securities Trust Certificates Series 2002-185 Raised To aÇÿ###/A-1aÇÖ Publication date: 14-Mar-2008 Primary Credit Analyst: Chi W Tang, New York (1) 212-438-7989; chi_tang@standardandpoors.com...

Report Type:

Summary

Issuer

Atlanta

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Bear Stearns Municipal Securities Trust Certificates Series 2002-185 Raised To ?AAA/A-1?" Mar 14, 2008. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Bear-Stearns-Municipal-Securities-Trust-Certificates-Series-2002-185-Raised-To-AAA-A-1-635774>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Bear Stearns Municipal Securities Trust Certificates Series 2002-185 Raised To ?AAA/A-1? Mar 14, 2008. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Bear-Stearns-Municipal-Securities-Trust-Certificates-Series-2002-185-Raised-To-AAA-A-1-635774>

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