Summary: RBC Capital Markets Municipal Funding Program Series I-23 - S&P Global Ratings’ Credit Research

Summary: RBC Capital Markets Municipal Funding Program Series I-23

Summary: RBC Capital Markets Municipal Funding Program Series I-23 - S&P Global Ratings’ Credit Research
Summary: RBC Capital Markets Municipal Funding Program Series I-23
Published Mar 29, 2007
4 pages (1672 words) — Published Mar 29, 2007
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

RBC Capital Markets Municipal Funding Program (North Carolina Medical Commission) series I-23 floater and residual certificates are rated 'AA/A-1+' and 'AA', respectively. The long-term component of the floater and residual certificate ratings are based on the 'AA' rated, North Carolina Medical Care Commission health system revenue bonds (Mission Health Combined Group) series 2007. The short-term component of the floater certificate rating is based on a liquidity facility provided by Royal Bank of Canada scheduled to expire on Feb. 15, 2008. The floater certificates will evidence beneficial interests 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

  
Brief Excerpt:

...RBC Capital Markets Municipal Funding Program (North Carolina Medical Commission) series I-23 floater and residual certificates are rated '##/A-1+' and '##', respectively. The long-term component of the floater and residual certificate ratings are based on the '##' rated, North Carolina Medical Care Commission health system revenue bonds (Mission Health Combined Group) series 2007. The short-term component of the floater certificate rating is based on a liquidity facility provided by Royal Bank of Canada scheduled to expire on Feb. 15, 2008. The floater certificates will evidence beneficial interests 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 receive the principal amount of the floater certificates plus accrued interest thereon (the purchase price) from amounts available under the liquidity facility, that is in the form of a liquidity...

  
Report Type:

Summary

Issuer
North Carolina Med Care Comm
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: RBC Capital Markets Municipal Funding Program Series I-23" Mar 29, 2007. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-RBC-Capital-Markets-Municipal-Funding-Program-Series-I-23-2309320>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: RBC Capital Markets Municipal Funding Program Series I-23 Mar 29, 2007. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-RBC-Capital-Markets-Municipal-Funding-Program-Series-I-23-2309320>
  
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