Summary: Eclipse Funding LLC Series 2007-0058 - S&P Global Ratings’ Credit Research

Summary: Eclipse Funding LLC Series 2007-0058

Summary: Eclipse Funding LLC Series 2007-0058 - S&P Global Ratings’ Credit Research
Summary: Eclipse Funding LLC Series 2007-0058
Published Jun 12, 2007
733 words — Published Jun 12, 2007
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Abstract:

Standard&Poor's Ratings Services assigned its 'AAA/A-1+' and 'AAA' ratings to Eclipse Funding LLC, Solar Eclipse certificates and Lunar Eclipse certificates, respectively, issued under trust series 2007-0058, relating to District of Columbia (Washington D.C.) general obligation bonds series 2007A. The long-term component of the rating is based on the 'AAA' rated, FGIC-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by U.S. Bank N.A. until April 14, 2008. The Solar Eclipse certificates will evidence beneficial ownership of and the right to receive certain future payment of principal, interest, and premium, if any on an undivided interest in all maturities of the bonds deposited in the trust and will have the right to

  
Brief Excerpt:

RESEARCH Summary: Eclipse Funding LLC Series 2007-0058 Publication date: 12-Jun-2007 Current Ratings >> Credit Profile US$30.435 mil solar eclipse certs ser 2007-0058 re dist Columbia (Washington D.C.) go bnds ser '07A dtd 06/07/2007...

  
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Summary

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Global Issuers, Public Finance
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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: Eclipse Funding LLC Series 2007-0058" Jun 12, 2007. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Eclipse-Funding-LLC-Series-2007-0058-584398>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Eclipse Funding LLC Series 2007-0058 Jun 12, 2007. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Eclipse-Funding-LLC-Series-2007-0058-584398>
  
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