Riftstone Trust Series 2016-7 LOW Certificates Assigned Rating

Stocks and Financial Services Press Releases Wednesday March 8, 2017 08:52
NEW YORK--8 Mar--S&P Global Ratings

NEW YORK (S&P Global Ratings) March 7, 2017--S&P Global Ratings today assignedits 'A-' rating to Riftstone Trust Series 2016-7 LOW (the trust's) $20 milliontrust certificates series 2016-7 LOW due April 17, 2019.

The 'A-' rating assigned to Riftstone Trust Series 2016-7 LOW's (the trust's)$20 million trust certificates series 2016-7 LOW due April 17, 2019, reflectsour opinion of the likelihood that the trust will have sufficient assets topay timely principal when due on the certificates. These assets include theunderlying securities, which comprise either floating-rate notes due April 15,2019, issued by Lowe's Cos. Inc. ('A-'; LOW notes) or U.S. Treasury separatetrading of registered interest and principal securities (STRIPS) due April 15,2019 ('AA+'). The STRIPS could replace LOW notes at the option of Wells FargoBank N.A. (AA-/Negative/A-1+) upon an additional termination event described

in the option agreement's schedule, which Wells Fargo Bank N.A. entered intowith the trust.

Our rating on the certificates depends on the lower of our ratings on theunderlying securities and our long-term issuer credit rating on the optionagreement counterparty, Wells Fargo Bank N.A. Based on our analysis, webelieve the trust's assets support the full and timely payment of allobligations on the certificates except in certain circumstances as describedin the Structural Review section below.


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