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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2465 Jan 08 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2465 Jan 08

  • Published: January 2008
  • Standard & Poors

FEATURED COMPANIES

Abstract
J.P. Morgan Securities, Inc., puttable tax-exempt receipts, series 2465 relating to the State of Washington's motor vehicle fuel tax GO bonds, series 2008D are rated 'AA+/A-1+'. The long-term component of the rating is based on the 'AA+' rated State of Washington's motor vehicle fuel tax GO bonds, series 2008D. 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 2.8 of...

Companies mentioned in this report are:
- Washington
- 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. RatingsXpress Credit Research lets users determine the credit rating READ MORE >

- Washington
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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