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Summary: Chicago, IL May 06 Product Image

Summary: Chicago, IL May 06

  • ID: 1833349
  • May 2006
  • Standard & Poors

Abstract
J.P. Morgan Securities Inc. puttable tax-exempt receipts series 1315, Chicago, Ill. sales tax revenue refunding bonds series 2005, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, FSA-insured Chicago sales tax revenue refunding bonds series 2005. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on May 3, 2007. 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 of the rating does not apply to any receipts that are designated "restricted PUTTERs" pursuant to section 2.8 of the "standard term...

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

Action: New Rating

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Note: Product cover images may vary from those shown

- Chicago
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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

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