Summary: Societe Generale Municipal Securities Trust Receipts? Series 2001 SGA 122 Rating Lowered To 'AA+/A-1'; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Societe Generale Municipal Securities Trust Receipts? Series 2001 SGA 122 Rating Lowered To 'AA+/A-1'; Tender Option Certificates/Bonds

Summary: Societe Generale Municipal Securities Trust Receipts? Series 2001 SGA 122 Rating Lowered To 'AA+/A-1'; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Societe Generale Municipal Securities Trust Receipts? Series 2001 SGA 122 Rating Lowered To 'AA+/A-1'; Tender Option Certificates/Bonds
Published Nov 15, 2010
Published Nov 15, 2010
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services lowered its rating on Societe Generale Municipal Securities Trust Receipts' series 2001 SGA 122, relating to Austin's electric utility system revenue refunding bonds, to 'AA+/A-1' from 'AAA/A-1'. This action follows Standard&Poor's Oct. 25, 2010, downgrade of the rating on the underlying bond to 'AA+' from 'AAA'. The long-term component of the rating is based on Assured Guaranty Municipal Corp.-insured underlying bond (CUSIP: 052414AW9). The short-term component of the rating is based on the liquidity facility provided by Societe Generale. USPF Criteria: Secondary Market Derivative Products, June 27, 2007

  
Report Type:

Summary

Issuer
Austin
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Societe Generale Municipal Securities Trust Receipts? Series 2001 SGA 122 Rating Lowered To 'AA+/A-1'; Tender Option Certificates/Bonds" Nov 15, 2010. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Societe-Generale-Municipal-Securities-Trust-Receipts-Series-2001-SGA-122-Rating-Lowered-To-AA-A-1-Tender-Option-Certificates-Bonds-831637>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Societe Generale Municipal Securities Trust Receipts? Series 2001 SGA 122 Rating Lowered To 'AA+/A-1'; Tender Option Certificates/Bonds Nov 15, 2010. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Societe-Generale-Municipal-Securities-Trust-Receipts-Series-2001-SGA-122-Rating-Lowered-To-AA-A-1-Tender-Option-Certificates-Bonds-831637>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.