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Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series Jul 06 Product Image

Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series Jul 06

  • ID: 1833591
  • July 2006
  • Standard & Poors

Abstract
J.P. Morgan Securities Inc.'s Puttable tax-exempt receipts, series 1396, relating to Olympia School District No.111, Thurston County, Wash., unlimited tax GO bonds, 2005 series A, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, MBIA-insured Olympia School District No.111, Thurston County, Wash., unlimited tax GO bonds, 2005 series A. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on July 5, 2007. 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...

Companies mentioned in this report are:
- Thurston Cnty Sch Dist No. 111 Olympia
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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Note: Product cover images may vary from those shown

- Thurston Cnty Sch Dist No. 111 Olympia
- 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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