Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1006; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1006; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1006; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1006; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds
Published Mar 21, 2013
1370 words — Published Mar 21, 2013
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Abstract:

Standard&Poor's Ratings Services affirmed its 'AAA/A-1' and 'AAA' ratings on Deutsche Bank Securities Inc. Receipts' short puttable exempt adjustable receipts (SPEARs) and long inverse floating exempt receipts (LIFERs), respectively, issued under trust series DBE-1006, relating to custodial receipts series DBE-1006, relating to the underlying bonds of District of Columbia revenue bonds (Howard University issue) series 2011A term bonds. This action follows the deposit of additional bonds into the trust. The long-term component of the rating on the SPEARs is based on a custodial receipt whose rating is based jointly (assuming medium correlation) on enhancement of the underlying bonds provided by Deutsche Bank AG (A+/A-1) and the underlying bonds. The short-term component of the rating on the SPEARs is

  
Brief Excerpt:

RESEARCH Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1006; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds Publication date: 21-Mar-2013 Primary Credit Analyst: Ryan Butler, New York (1) 212-438-2122;...

  
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1006; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds" Mar 21, 2013. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Deutsche-Bank-Securities-Inc-Receipts-Series-DBE-1006-Joint-Criteria-Residual-Certificates-Tender-Option-Certificates-Bonds-1099846>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1006; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds Mar 21, 2013. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Deutsche-Bank-Securities-Inc-Receipts-Series-DBE-1006-Joint-Criteria-Residual-Certificates-Tender-Option-Certificates-Bonds-1099846>
  
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