Moody's downgrades the rating of certificates issued by SATURNS Sears Roebuck Acceptance Corp. Debenture Backed Series 2003-1, a Structured Note
New York, January 25, 2017-- Moody's Investors Service has downgraded the rating on the following certificates issued by SATURNS Sears Roebuck Acceptance Corp. Debenture Backed Series 2003-1:. $46,808,075 of 7.25% Callable Units due June 1, 2032; Downgraded to Caa3; Previously on September 18, 2013 Downgraded to Caa2. Today's rating action is a result of the change in the rating of the 7.00% Sears Roebuck Acceptance Corp. debentures due June 1, 2032, issued by Sears Roebuck...
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