RPA.PR.A Downgraded to P-3(low) [Watch Negative] by S&P

ROC Pref. Corp. II has announced:

it was informed on March 10th that Standard & Poor’s Rating services had lowered its rating on the Preferred Shares a notch to P-3(low) and kept them on CreditWatch with negative implications on February 5, 2009.

It was nice of S&P to inform the company only a month after the fact, eh?

RPA.PR.A had a NAV of 8.40 on February 27 and will mature at $25 on or about Dec. 31, 2009 if all goes well.

RPA.PR.A was last mentioned on PrefBlog when it was Downgraded to P-3 / Watch Negative by S&P.

RPA.PR.A is not tracked by HIMIPref™.