Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 3170; Residual Certificates; Tender Option Certificates/Bonds Jun 11
- ID: 1829698
- June 2011
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AAA/A-1+' and 'AAA' ratings on JPMorgan Securities PUTTERs & DRIVERs Trust's series 3170, relating to Port of Houston Authority, Texas' unlimited-tax refunding bonds series 2008A. This action follows an amendment to the trust documents. The long-term component of the rating is based on the rating on the underlying bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...
Companies mentioned in this report are:
- Port of Houston Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
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