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.


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