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Summary: Merrill Lynch Put FLOATs/RITES Trust Series PT-399

Published May 26, 2006

About This Report

Abstract:

The rating on Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PT-399, relating to Minnesota general obligation state various purpose and state refunding bonds, has been affirmed following an amendment to the trust documents. The long-term component of the rating is based on the MBIA-insured underlying bond. The short-term component of the rating is based on DEPFA BANK PLC. The expiration date of the liquidity facility is Sept. 15, 2006. The stable outlook is based on the outlook of the bond insurer.

Report Type:

Summary

Issuer

Minnesota

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Summary: Merrill Lynch Put FLOATs/RITES Trust Series PT-399" May 26, 2006. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Merrill-Lynch-Put-FLOATs-RITES-Trust-Series-PT-399-511103>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Merrill Lynch Put FLOATs/RITES Trust Series PT-399 May 26, 2006. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Merrill-Lynch-Put-FLOATs-RITES-Trust-Series-PT-399-511103>

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