Summary: Various Rating Actions Taken On 43 AUSTIN Trust Issues; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: Various Rating Actions Taken On 43 AUSTIN Trust Issues; Residual Certificates; Tender Option Certificates/Bonds

Summary: Various Rating Actions Taken On 43 AUSTIN Trust Issues; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: Various Rating Actions Taken On 43 AUSTIN Trust Issues; Residual Certificates; Tender Option Certificates/Bonds
Published Dec 30, 2011
3331 words — Published Dec 30, 2011
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Abstract:

Standard&Poor's Ratings Services affirmed its ratings on 25 Austin Trust issues, following an omnibus amendment to trust documents. The amendment changes language regarding rating agencies and extends the liquidity facilities on all of the affected trusts to Feb. 15, 2012. The long-term components of the ratings are based on the rating on each trust's respective underlying bonds. The short-term components of the ratings are based on the liquidity facilities provided by Bank of America N.A. Standard&Poor's also took various rating actions on 19 Austin Trust issues following its Nov. 30, 2011, downgrade of its rating on Assured Guaranty Corp. to 'AA-' from 'AA+'. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6,

  
Brief Excerpt:

RESEARCH Summary: Various Rating Actions Taken On 43 AUSTIN Trust Issues; Residual Certificates; Tender Option Certificates/Bonds Publication date: 30-Dec-2011 Primary Credit Analyst: Santos Souffront, New York (1) 212-438-2197; santos_souffront@standar...

  
Report Type:

Summary

Issuer
Ascension Health Alliance
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Various Rating Actions Taken On 43 AUSTIN Trust Issues; Residual Certificates; Tender Option Certificates/Bonds" Dec 30, 2011. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Various-Rating-Actions-Taken-On-43-AUSTIN-Trust-Issues-Residual-Certificates-Tender-Option-Certificates-Bonds-925909>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Various Rating Actions Taken On 43 AUSTIN Trust Issues; Residual Certificates; Tender Option Certificates/Bonds Dec 30, 2011. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Various-Rating-Actions-Taken-On-43-AUSTIN-Trust-Issues-Residual-Certificates-Tender-Option-Certificates-Bonds-925909>
  
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