Summary: J.P. Morgan Secs PUTTERs Trust Series 1816 May 07
- ID: 1833477
- May 2007
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA/A-1+' rating to J.P. Morgan Securities Trust PUTTERs series 1816, relating to Custodial Receipts Series 2007-2 evidencing beneficial ownership of Puerto Rico Electric Power Authority power revenue bonds series TT (5.00% term bonds due July 01, 2037). The long-term component of the rating is based on an LOC enhancing the custodial receipts series 2007-2. The custodial receipts in the amount of $31.85 million are partially enhanced to cover the PUTTER stated amount by an LOC provided by JPMorgan Chase Bank N.A. (AA/A-1+) that is scheduled to expire May 1, 2008. The short-term component of the rating is based on a liquidity facility also provided by JPMorgan Chase Bank, also scheduled to expire on...
Companies mentioned in this report are:
- Puerto Rico Elec Pwr Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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