Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1115; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1115; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds

Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1115; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1115; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds
Published Oct 01, 2012
Published Oct 01, 2012
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services has 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-1115, relating to custodial receipts series DBE-1115, relating to Illinois Finance Authority's revenue term bonds series 2012A (OSF Healthcare System). 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 provided by Deutsche Bank AG (A+/A-1) and the underlying bonds. The short-term component of the rating on the SPEARs is based on a standby purchase agreement (SPA) provided by Deutsche Bank AG (A-1). The initial SPA

  
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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-1115; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds" Oct 01, 2012. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Deutsche-Bank-Securities-Inc-Receipts-Series-DBE-1115-Joint-Criteria-Residual-Certificates-Tender-Option-Certificates-Bonds-1017687>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Deutsche Bank Securities Inc. Receipts Series DBE-1115; Joint Criteria; Residual Certificates; Tender Option Certificates/Bonds Oct 01, 2012. 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-1115-Joint-Criteria-Residual-Certificates-Tender-Option-Certificates-Bonds-1017687>
  
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