Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1095; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1095; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1095; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1095; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds
Published Jul 26, 2012
1364 words — Published Jul 26, 2012
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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), respectively, series DBE-1095, relating to custodial receipts series DBE-1095, relating to Washington Health Care Facilities Authority's revenue (MultiCare Health System) 5.00% term bonds series 2009A. The long-term component of the rating on the SPEARs and LIFERs is based on the rating on the custodial receipts whose rating is based jointly (assuming low correlation) on enhancement of the underlying bonds 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 agreement (SPA) provided

  
Brief Excerpt:

RESEARCH Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1095; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds Publication date: 26-Jul-2012 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-1095; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds" Jul 26, 2012. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Deutsche-Bank-Securities-Inc-Receipts-Series-DBE-1095-Joint-Criteria-Residual-Certificates-Tender-Option-Certificates-Bonds-993752>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1095; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds Jul 26, 2012. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Deutsche-Bank-Securities-Inc-Receipts-Series-DBE-1095-Joint-Criteria-Residual-Certificates-Tender-Option-Certificates-Bonds-993752>
  
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