Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12043; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12043; Tender Option Certificates/Bonds

Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12043; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12043; Tender Option Certificates/Bonds
Published Feb 04, 2009
3 pages (1013 words) — Published Feb 04, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services raised its rating on Citigroup Global Markets ROCs/ROLs II-R Trust reset option certificates series 12043, relating to Illinois Educational Facilities Authority's revenue bonds (Northwestern University) series 2003, to 'AAA/A-1' from 'AA+/A-1+'. The long-term component of the rating is based on the 'AAA' rating on the underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citigroup Financial Products Inc., and the guarantor is Citigroup Inc. (A-1). This action follows Standard&Poor's upgrade of the underlying bond to 'AAA' from 'AA+' and the downgrade of Citigroup Inc. to 'A/A-1' from 'AA-/A-1+'.

  
Brief Excerpt:

...Standard & Poor's Ratings Services raised its rating on Citigroup Global Markets ROCs/ROLs II-R Trust reset option certificates series 12043, relating to Illinois Educational Facilities Authority's revenue bonds (Northwestern University) series 2003, to '###/A-1' from '##+/A-1+'. The long-term component of the rating is based on the '###' rating on the underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citigroup Financial Products Inc., and the guarantor is Citigroup Inc. (A-1). This action follows Standard & Poor's upgrade of the underlying bond to '###' from '##+' and the downgrade of Citigroup Inc. to 'A/A-1' from '##-/A-1+'. Complete ratings information is available to RatingsDirect subscribers at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; under Ratings in the left navigation bar, select Find a Rating....

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12043; Tender Option Certificates/Bonds" Feb 04, 2009. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Citigroup-Global-Markets-ROCs-ROLs-II-R-Trust-Series-12043-Tender-Option-Certificates-Bonds-700597>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 12043; Tender Option Certificates/Bonds Feb 04, 2009. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Citigroup-Global-Markets-ROCs-ROLs-II-R-Trust-Series-12043-Tender-Option-Certificates-Bonds-700597>
  
US$ 225.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.