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Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 3164; Residual Certificates; Tender Option Certificates/Bonds Jun 11 Product Image

Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 3164; Residual Certificates; Tender Option Certificates/Bonds Jun 11

  • Published: June 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AAA/A-1+' and 'AAA' ratings on JPMorgan Securities PUTTERs & DRIVERs Trust's series 3164, relating to San Francisco Bay Area Rapid Transit's district general obligation bonds (election of 2004) series 2007B. 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:
- Bay Area Rapid Transit
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: Affirmed

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 the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding READ MORE >

- Bay Area Rapid Transit
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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