S&P Asgn Structured Prod Asset Rtn Cert Tr 2003-6 Rtg.
NEW YORK--(BUSINESS WIRE)--Sept. 24, 2003
Standard & Poor's Ratings Services Ratings Service
A company, such as Moody's or Standard & Poor's, that rates various debt and preferred stock issues for safety of payment of principal, interest, or dividends. today assigned its 'A+' rating to Structured Product Asset Return Certificate Trusts Series 2003-6's $137.49 million units.
The rating reflects the credit quality of the underlying securities, Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co.'s $245.988 million zero coupon liquid yield option notes Liquid yield option note (LYON)
Zero-coupon, callable, putable, convertible bond developed by Merrill Lynch & Co. ('A+'); and the rating of the swap counterparty, Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. International ('A+').
The rating addresses the likelihood of the trust making payments on the certificates as required under the trust agreement.