• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Detroit Sch Dist, MI Oct 05 Product Image

Summary: Detroit Sch Dist, MI Oct 05

  • ID: 1833523
  • October 2005
  • Standard & Poors

Abstract
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1129, relating to Detroit School District, Mich. school building and site improvement refunding bonds (unlimited tax general obligations), series 2005 A, 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 obligations) series 2005 A. The short-term component of the rating is based on a liquidity facility provided by JP Morgan Chase & Co. scheduled to expire on Oct. 5, 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...

Companies mentioned in this report are:
- Detroit Pub Schs
- 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 READ MORE >

- Detroit Pub Schs
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Note: Product cover images may vary from those shown

RELATED PRODUCTS