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Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 2521 Feb 08 Product Image

Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 2521 Feb 08

  • Published: February 2008
  • Standard & Poors

Abstract
J.P. Morgan Securities, Inc., puttable tax-exempt receipts, series 2521 relating to Cypress-Fairbanks Independent School District, Texas' (a political subdivision of the State of Texas located within Harris County) unlimited tax refunding bonds, series 2007 are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated Cypress-Fairbanks Independent School District, Texas' (a political subdivision of the State of Texas located within Harris County) unlimited tax refunding bonds, series 2007. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A., scheduled to expire Feb. 5, 2009. The receipt holders' ability to receive the purchase price from the liquidity provider may terminate without notice under certain conditions set forth in the...

Companies mentioned in this report are:
- Cypress-Fairbanks Indpt Sch Dist
- 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. READ MORE >

- Cypress-Fairbanks Indpt Sch Dist
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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