Summary: JPMorgan Securities PUTTERs & DRIVERs Trust's Series 2533 Rating Lowered To 'AA+ (sf)/A-1 (sf)'; Tender Option Certificates/Bonds May 11
- ID: 1793528
- May 2011
- Standard & Poors
Standard & Poor's Ratings Services lowered its rating on JPMorgan Securities PUTTERs & DRIVERs Trust's PUTTERs series 2533, relating to University of New Mexico's Board of Regents subordinate lien system improvement revenue bonds series 2007A, to 'AA+ (sf)/A-1 (sf)' from 'AA+ (sf)/A-1+ (sf)', based on the substitution of the existing liquidity agreement and an amendment to the standard terms. The existing liquidity agreement provided by JPMorgan Chase Bank N.A. (A-1+) will be substituted with a liquidity agreement provided by Deutsche Bank AG (A-1) The long-term component of the rating is based on the Assured Guaranty Municipal Corp.-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Deutsche Bank AG. The amendment to the...
Companies mentioned in this report are:
- University of New Mexico
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
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