Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1017; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1017; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1017; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1017; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds
Published Dec 30, 2011
1370 words — Published Dec 30, 2011
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Abstract:

Standard&Poor's Ratings Services assigned its 'AAA/A-1' and 'AAA' ratings to Deutsche Bank Securities Inc. Receipts' short puttable exempt adjustable receipts (SPEARs) and long inverse floating exempt receipts (LIFERs) series DBE-1017, respectively, relating to custodial receipts series DBE-1017, relating to Illinois Finance Authority's revenue bonds series 2009C (Rush University Medical Center Obligated Group). The long-term component of the rating on the SPEARs and LIFERs is based on a custodial receipt whose rating is based jointly (assuming low correlation) on enhancement of the underlying bonds in the form of a swap agreement provided by Deutsche Bank AG (A+/A-1) and the rating on the underlying bonds. The short-term component of the rating on the SPEARS is based on a standby purchase

  
Brief Excerpt:

RESEARCH Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1017; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds Publication date: 30-Dec-2011 Primary Credit Analyst: Dare Branch, Chicago (1) 312-233-7034;...

  
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Summary

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Global Issuers, Public Finance, Structured Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1017; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds" Dec 30, 2011. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Deutsche-Bank-Securities-Inc-Receipts-Series-DBE-1017-Joint-Criteria-Residual-Certificates-Tender-Option-Certificates-Bonds-925891>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1017; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds Dec 30, 2011. 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-DBE-1017-Joint-Criteria-Residual-Certificates-Tender-Option-Certificates-Bonds-925891>
  
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