Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 2663, Custodial Reciept Series 2008-11 Mar 08
- ID: 1833132
- March 2008
- Standard & Poors
J.P. Morgan Securities, Inc., puttable tax-exempt receipts, series 2663 relating to New York State Thruway Authority's general revenue bonds, series H, are rated 'AA-/A-1+'. Additionally, Standard & Poor's assigned its 'AA-' rating to the custodial receipt, series 2008-11 evidencing beneficial ownership of $22.5 million New York State Thruway Authority's general revenue bonds, series H. The ratings are based on the series trust agreement for series 2663, which sites the asset for the trust as the custodial receipt holding the same underlying bond and the addition of a credit enhancement. The credit enhancement at the custodial receipt level is in the form of a credit and liquidity swap agreement provided by JPMorgan Chase & Co ('AA-/A-1+'). The JPMorgan Chase & Co....
Companies mentioned in this report are:
- New York St Thruway Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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