Summary: RIB Floater Taxable Municipal Funding Trust Series 2014-6UE; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: RIB Floater Taxable Municipal Funding Trust Series 2014-6UE; Tender Option Certificates/Bonds

Summary: RIB Floater Taxable Municipal Funding Trust Series 2014-6UE; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: RIB Floater Taxable Municipal Funding Trust Series 2014-6UE; Tender Option Certificates/Bonds
Published Jan 08, 2015
Published Jan 08, 2015
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services assigned its 'A/A-1 (sf)' rating to RIB Floater Taxable Municipal Funding Trust's series 2014-6UE notes. The long-term and short-term components of the rating are based on the rating on the direct-pay letter of credit (LOC) provider, Barclays Bank PLC (A/A-1). The LOC facility secures the notes. Note holders will receive future principal and interest payments, if any, from the LOC facility and have the right to receive the principal amount of notes plus accrued interest thereon (the purchase price) from remarketing proceeds, sale proceeds of the underlying obligation, and amounts available under the LOC agreement. The notes can bear interest in the daily, weekly, monthly, and term rate modes. The LOC agreement provides for the

  
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Summary

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Global Issuers, Public Finance, Structured 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: RIB Floater Taxable Municipal Funding Trust Series 2014-6UE; Tender Option Certificates/Bonds" Jan 08, 2015. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-RIB-Floater-Taxable-Municipal-Funding-Trust-Series-2014-6UE-Tender-Option-Certificates-Bonds-1378556>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: RIB Floater Taxable Municipal Funding Trust Series 2014-6UE; Tender Option Certificates/Bonds Jan 08, 2015. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-RIB-Floater-Taxable-Municipal-Funding-Trust-Series-2014-6UE-Tender-Option-Certificates-Bonds-1378556>
  
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