Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11064 Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11064 Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11064 Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11064 Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds
Published Sep 09, 2011
Published Sep 09, 2011
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Abstract:

Standard&Poor's Ratings Services lowered its ratings on Citigroup Global Markets ROCs/ROLs II-R Trust's series 11064, relating to California Educational Facilities Authority's (University of Southern California) revenue bonds series 2007A, 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 ROCs and ROLs is based on the rating on the underlying bonds (CUSIP #: 130178HB5). The short-term component of the rating on the ROCs is based on the liquidity provided by Citibank 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: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11064 Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds" Sep 09, 2011. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Citigroup-Global-Markets-ROCs-ROLs-II-R-Trust-Series-11064-Ratings-Lowered-To-AA-A-1-And-AA-Residual-Certificates-Tender-Option-Certificates-Bonds-890000>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11064 Ratings Lowered To 'AA/A-1' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds Sep 09, 2011. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Citigroup-Global-Markets-ROCs-ROLs-II-R-Trust-Series-11064-Ratings-Lowered-To-AA-A-1-And-AA-Residual-Certificates-Tender-Option-Certificates-Bonds-890000>
  
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