Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 3098 Rating Lowered To 'AA-'; Residual Certificates Jul 09

  • ID: 1833182
  • July 2009
  • Standard & Poors
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JPMorgan Securities PUTTERs & DRIVERs Trust Series (Illinois) derivative inverse tax-exempt series 3098, relating to state of Illinois general obligation bonds, series of June 2003, to 'AA-' from 'AA'. This action follows Standard & Poor's downgrade of the underlying bond to 'AA-' from 'AA'. USPF Criteria: "Secondary Market Derivative Products," June 27, 2007...

Companies mentioned in this report are:
- Illinois
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: Downgraded

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.

Note: Product cover images may vary from those shown
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- Illinois
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown


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