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Summary: New York St Thruway Auth Sep 05 Product Image

Summary: New York St Thruway Auth Sep 05

  • Published: September 2005
  • Region: New York
  • Standard & Poors

FEATURED COMPANIES

  • New York St Thruway Auth
  • MORE

Abstract
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1047, relating to New York State Thruway Authority second general highway and bridge trust fund bonds series 2005 B, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating and the long-term rating are based on the 'AAA' rated, Ambac-insured New York State Thruway Authority second general highway and bridge trust fund bonds series 2005 B. The short-term component of the rating is based on a liquidity facility provided by JP Morgan Chase Bank N.A. scheduled to expire on Sept. 7 2006. The receipt holders' ability to receive the purchase price from the liquidity provider may terminate without notice under certain conditions set forth in the documents. The short-term portion...

Companies mentioned in this report are:
- New York St Thruway Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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 READ MORE >

- New York St Thruway Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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