Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 2946 Ratings Off CreditWatch Negative; Residual Certificates; Tender Option Certificates/Bonds Jun 09
Standard & Poors, June 2009
Abstract
Standard & Poor's Ratings Services removed its ratings on JPMorgan Secs PUTTERs/DRIVERs Trust Series 2946, relating to Erie County Industrial Development Agency school facility revenue bonds (City School District of the City of Buffalo Project), from CreditWatch with negative implications. This action follows Standard & Poor's removal of FSA from CreditWatch with negative implications. USPF Criteria: "Secondary Market Derivative Products," June 27, 2007...
Companies mentioned in this report are:
- Erie Cnty Indl Dev Agy
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: Removed From CreditWatch
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 of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- Erie Cnty Indl Dev Agy
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
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