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Summary: MACON Trust's Series 2006S Ratings Lowered To 'A+' And 'A+/A-1'; Residual Certificates; Tender Option Certificates/Bonds

Published Apr 07, 2011

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Abstract:

Standard&Poor's Ratings Services lowered its ratings on seven Macon Trust's inverse-rate and variable-rate certificates series 2006S, relating to Indianapolis' local public improvement bond bank bonds series 2006A, to 'A+' and 'A+/A-1' from 'AA-' and 'AA-/A-1', respectively. This action follows Standard&Poor's March 31, 2011, downgrade of its rating on the underlying bonds to 'A+' from 'AA-'. The long-term component of the rating is based on the underlying bonds (CUSIP #: 45528SM, 45528P8, 45528Q6, 45528S2, 45528U7, 45528V5, 45528X1, 45528Y9). The short-term component of the rating is based on the liquidity provided by Bank of America N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007

Report Type:

Summary

Issuer

Indianapolis

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Summary: MACON Trust's Series 2006S Ratings Lowered To 'A+' And 'A+/A-1'; Residual Certificates; Tender Option Certificates/Bonds" Apr 07, 2011. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-MACON-Trust-s-Series-2006S-Ratings-Lowered-To-A-And-A-A-1-Residual-Certificates-Tender-Option-Certificates-Bonds-859709>

APA:	S&P Global Ratings’ Credit Research. (). Summary: MACON Trust's Series 2006S Ratings Lowered To 'A+' And 'A+/A-1'; Residual Certificates; Tender Option Certificates/Bonds Apr 07, 2011. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-MACON-Trust-s-Series-2006S-Ratings-Lowered-To-A-And-A-A-1-Residual-Certificates-Tender-Option-Certificates-Bonds-859709>

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