S&P: Riftstone Trust Series 2018-1 MSFT, 2018-3 PM, And 2018-2 BHI Certificates Assigned Ratings

S&P Global Ratings today assigned its ratings to Riftstone Trust Series 2018-1 MSFT's $25 million certificates, Riftstone Trust Series 2018-3 PM's $10 million certificates, and Riftstone Trust Series 2018-2 BHI's $20 million certificates.

The ratings reflect our opinion of the likelihood that the trusts will have sufficient assets to pay timely principal, as well as interest in the case of series 2018-3 PM, when due on the certificates. These assets include the underlying securities, which comprise: For the series 2018-1 MSFT certificates, either the 2.0% notes due Aug. 8, 2023, issued by Microsoft Corp. or U. S. Treasury separate trading of registered interest and principal securities (STRIPS) due July 31, 2023 ('AA+').For the series 2018-2 BHI certificates, either the 2.773% notes due Dec. 15, 2022, issued by Baker Hughes, a GE company, LLC and Baker Hughes Co-Obligor Inc. or U. S. Treasury STRIPS due Nov. 30, 2022 ('AA+').For the series 2018-3 PM certificates, either the floating-rate notes due Feb. 21, 2020, issued by Philip Morris International Inc. or U. S. Treasury STRIPS due Feb. 15, 2020 ('AA+').Our ratings on the certificates depend on the lower of our ratings on the underlying securities and our long-term issuer credit rating on the option agreement counterparty for each transaction, Wells Fargo Bank N. A. Based on our analysis, we believe the trusts' assets support the full and timely principal payments, as well as interest in the case of series 2018-3 PM, on the certificates, except in certain circumstances.
[related-news]

Похожие новости

{related-news}
[/related-news]

Добавить комментарий

Автору будет очень приятно узнать обратную связь о своей новости.

    • bowtiesmilelaughingblushsmileyrelaxedsmirk
      heart_eyeskissing_heartkissing_closed_eyesflushedrelievedsatisfiedgrin
      winkstuck_out_tongue_winking_eyestuck_out_tongue_closed_eyesgrinningkissingstuck_out_tonguesleeping
      worriedfrowninganguishedopen_mouthgrimacingconfusedhushed
      expressionlessunamusedsweat_smilesweatdisappointed_relievedwearypensive
      disappointedconfoundedfearfulcold_sweatperseverecrysob
      joyastonishedscreamtired_faceangryragetriumph
      sleepyyummasksunglassesdizzy_faceimpsmiling_imp
      neutral_faceno_mouthinnocent
Кликните на изображение чтобы обновить код, если он неразборчив

Комментариев 0