Fitch Rates Merrill Lynch Taxable P-FLOATs Series TNP-1013 'F1'

Business News
Print
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a rating of 'F1' to the Series TNP-1013 puttable floating option taxable notes (Taxable P-FLOATs) of the Merrill Lynch Taxable P-FLOATs TNP-1000 Trust BOA. KEY RATING DRIVERS The rating assigned to the Taxable P-FLOATs is based on the liquidity facility provided by Bank of America, N.A. (rated 'A/F1', Negative Outlook) which covers purchase price for tendered Taxable P-FLOATs and interest payments when due on the Taxable P-FLOATs to the extent ot

imageimage