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Summary: New York St Thruway Auth Jul 03 Product Image

Summary: New York St Thruway Auth Jul 03

  • Published: July 2003
  • Region: New York
  • Standard & Poors

FEATURED COMPANIES

  • New York St Thruway Auth
  • MORE

Abstract
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 360, relating to New York State Thruway Authority revenue bonds, are rated 'AAA/A-1+'. The long-term component of the rating is based on the FSA-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank scheduled to expire on July 15, 2005. The receiptholders' ability to receive the purchase price from the liquidity provider may terminate without notice under certain conditions set forth in the documents. The short-term portion of the rating does not apply to any receipts that are designated "restricted PUTTERs" pursuant to section 2.8 of the "standard term and provisions of the trust agreement". The rating on the receipts will change...

Companies mentioned in this report are:
- New York St Thruway Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

- New York St Thruway Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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