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S&P Asgns Struct Prod Asset Ret Certs Unit 2002-6 Rtg.



Business Editors

NEW YORK--(BUSINESS WIRE)--Standard & Poor's

July 31, 2002-- 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 double-'A'-minus rating to Structured Product Asset Return Certificate Trusts Series 2002-6's $115 million units.

The rating reflects the credit quality of the underlying securities, $210.407 million zero coupon liquid yield option notes Liquid yield option note (LYON)

Zero-coupon, callable, putable, convertible bond developed by Merrill Lynch & Co.
 issued by 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. (double-'A'-minus), 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 (double-'A'-minus).

The rating addresses the likelihood of the trust making payments on the certificates as required under the trust agreement.

Copyright 2002, Standard & Poor's Ratings Services
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 31, 2002
Words:95
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