SP Lowers Various Ratings On Deutsche Bank Securities Inc.#s DBE-482 SPEARS, LIFERS, And Custodial Receipts

Stocks and Financial Services Press Releases Friday October 18, 2013 09:15
NEW YORK--18 Oct--Standard & Poor's

NEW YORK (Standard & Poor's) Oct. 17, 2013--Standard & Poor's Ratings Services lowered its ratings on Deutsche Bank Securities Inc.'s series DBE-482 short puttable exempt receipts (SPEARs), long inverse floating exempt receipts (LIFERs), and custodial receipts related to Red River Educational Finance Corp. 's series 2007 higher education revenue bonds, issued for Texas Christian University, to 'A/A-1', 'A', and 'A' from 'AA-/A-1', 'AA-', and 'AA-', respectively.

This action follows Standard & Poor's Sept. 30, 2013, withdrawal of its rating on the underlying bond (CUSIP# 756872FK8) due to the issuer's request.

The rating's long-term component on the SPEARs and LIFERs reflects the rating on the custodial receipts, of which the rating reflects the credit enhancement provider, Deutsche Bank AG. The rating's short-term component on the SPEARs reflects the rating on the liquidity facility provider, Deutsche Bank AG.


Latest Press Release

Fitch Affirms Standard Chartered Bank (Thai) at #A-#; Outlook Stable

Fitch Ratings has affirmed Standard Chartered Bank (Thai) Public Company Limited's (SCBT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'A-' with a Stable Outlook. At the same time, the agency has affirmed SCBT's National...

Photo Release: KBank recognized as having the highest corporate brand value in the banking business category 2nd consecutive year

At Sukree Kaewcharoen Auditorium, the Stock Exchange of Thailand (SET), Ms. Kattiya Indaravijaya, KBank President, recently represented KBank to receive the "Thailand's Top Corporate Brand Values 2018" award in the banking business category from...

MicroBitcoin Open Source Community เซ็นสัญญากับสมาพันธ์แรงงานในเกาหลี เปิดโอกาสให้แรงงาน 1.5 ล้านคนได้ใช้เงินดิจิทัล

MicroBitcoin Open Source Community เซ็นสัญญากับสมาพันธ์แรงงาน Korea Association of Care Workers (KACW) เพื่อนำสกุลเงินดิจิทัล MicroBitcoin มาใช้ สัญญานี้ลงนามร่วมกันสามฝ่าย ได้แก่ MicroBitcoin Open Source Community, KACW และ Bluequotient...

MicroBitcoin Open Source Community Signs an Exclusive Contract with the Korea Association of Care Workers (KACW) to Expand its Usability to One and a Half Million Users

The MicroBitcoin Open Source Community has signed a contract with Korea Association of Care Workers (KACW) to adapt the MicroBitcoin blockchain network protocol. The trilateral contract was made between the MicroBitcoin Open Source Community, the Korea...

WICE establishes a joint-venture, EUROASIA TOTAL LOGISTICS, with its holding 40% of shares to provide cross-border transport services between China, Hong Kong

WICE establishes a joint-venture, "EUROASIA TOTAL LOGISTICS", with its holding 40% of shares to provide cross-border transport services between China, Hong Kong, and South East Asia with the expectation to achieve the first year's revenue at 200 million...

Related Topics