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Summary: Detroit Sch Dist, MI Oct 05

  • ID: 1833523
  • October 2005
  • Standard & Poors

Abstract
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1140, relating to Detroit School District, Mich. school building and site improvement refunding bonds (unlimited tax general obligation) series 2005A, are rated 'AAA/A-1' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, FSA-insured Detroit School District, Mich. school building and site improvement refunding bonds (unlimited tax general obligation) series 2005A. The short-term component of the rating is based on a liquidity facility provided by JP Morgan Chase & Co. scheduled to expire on Oct. 19, 2006. 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...

Companies mentioned in this report are:
- Detroit Pub Schs
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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Note: Product cover images may vary from those shown

- Detroit Pub Schs
- 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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