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S&P Asgns SATURNS AIG Capital 2002-11 Units 'AA' Rtg.

Business Editors

NEW YORK--(BUSINESS WIRE)--Oct. 29, 2002

Standard & Poor's Rating Services today assigned its double-'A' rating to Structured Asset Trust Unit Repackagings (SATURNS) AIG Capital Security Backed Series 2002-11's $39.332 million 6.0% class A callable units and 1.539% interest-only class B units.

The rating reflects the credit quality of the underlying assets, $39.332 million AIG-guaranteed 7.57% debentures issued by American General Institutional Capital A due Dec. 1, 2045 (double-'A'); and addresses the likelihood of the trust making payments on the units as required under the trust agreement.

The rating does not address the likelihood that the issuer of the underlying assets will continue to file periodic reports as required under the Securities Exchange Act of 1934, as amended.

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Publication:Business Wire
Date:Oct 29, 2002
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