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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2457 Jan 08 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2457 Jan 08

  • ID: 1833435
  • January 2008
  • Standard & Poors

Abstract
J.P. Morgan Securities, Inc., puttable tax-exempt receipts, series 2457 relating to the City of Chicago, Ill.'s GO bonds, project and refunding series 2007C are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated MBIA-insured the City of Chicago, Ill.'s GO bonds, project and refunding series 2007C. The short-term component of the rating is based on a liquidity facility provided by PNC Bank, National Association scheduled to expire Jan. 22, 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 documents. The short-term portion of the rating does not apply to any receipts that are designated "restricted PUTTERs" pursuant to section...

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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