Summary: JPMorgan Securities PUTTERs & DRIVERs Trust's Series 3610Z Ratings Lowered To ?AA/A-1+? And ?AA?; Residual Certificates; Tender Option Certificates/Bonds Dec 10
- ID: 1833392
- December 2010
- Standard & Poors
Standard & Poor's Ratings Services lowered its ratings on JPMorgan Securities PUTTERs & DRIVERs Trust's (Lexington-Fayette Urban County Government) series 3610Z to 'AA/A-1+' and 'AA' from 'AA+/A-1+' and 'AA+', respectively. This action follows Standard & Poor's Dec. 9, 2010, downgrade of the rating on the underlying bonds to 'AA' from 'AA+', and its revision of the outlook to stable from negative. The long-term component of the rating is based on the underlying bonds (CUSIP#: 52908WAQ6). The short-term component of the rating is based on the liquidity facility provided by JPMorgan Chase Bank N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...
Companies mentioned in this report are:
- Lexington-Fayette Urban Cnty Govt
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
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