Summary: Deutsche Bank Securities Inc. Receipts Series DB-250 - S&P Global Ratings’ Credit Research

Summary: Deutsche Bank Securities Inc. Receipts Series DB-250

Summary: Deutsche Bank Securities Inc. Receipts Series DB-250 - S&P Global Ratings’ Credit Research
Summary: Deutsche Bank Securities Inc. Receipts Series DB-250
Published Jun 04, 2007
1054 words — Published Jun 04, 2007
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Abstract:

Standard&Poor's Ratings Services assigned its 'AAA/A-1+' and 'AAA' ratings to Deutsche Bank Securities Inc. short puttable exempt adjustable receipts (SPEARs) and long inverse floating exempt receipts (LIFERs), respectively, issued under Trust Series DB-250, relating to city of Philadelphia, Pennsylvania Gas Works revenue bonds nineteenth series (1975 general ordinance). The long-term component of the SPEARs rating is based on the 'AAA' rated, AMBAC-insured city of Philadelphia, Pennsylvania Gas Works revenue bonds nineteenth series (1975 general ordinance). The short-term component of the rating is based on a standby purchase agreement (SPA) provided by Deutsche Bank AG (A-1+). The rating on the LIFERs is based on the 'AAA' rated, AMBAC-insured city of Philadelphia, Pennsylvania gas works revenue bonds nineteenth series (1975

  
Brief Excerpt:

RESEARCH Summary: Deutsche Bank Securities Inc. Receipts Series DB-250 Publication date: 04-Jun-2007 Current Ratings >> Credit Profile US$4.975 mil short put ex adj rcpts (SPEARs) ser DB-250 re Philadelphia PA gas wrks rev bnds Long...

  
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Deutsche Bank Securities Inc. Receipts Series DB-250" Jun 04, 2007. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Deutsche-Bank-Securities-Inc-Receipts-Series-DB-250-582045>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Deutsche Bank Securities Inc. Receipts Series DB-250 Jun 04, 2007. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Deutsche-Bank-Securities-Inc-Receipts-Series-DB-250-582045>
  
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