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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 1425, relating to California Statewide Communities Development Authority revenue bonds (The California Endowment), series 2003, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated California Statewide Communities Development Authority revenue bonds (The California Endowment), series 2003. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire July 26, 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 that are designated "restricted PUTTERs" pursuant...

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

Action: New Rating

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- 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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