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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

  • Published: July 2006
  • Standard & Poors

Abstract
J.P. Morgan Securities Inc.'s Puttable tax-exempt receipts, series 1417, relating to Coast Community College District, Orange County, Calif.'s election of 2002 GO bonds, series 2006B, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, FSA-insured Coast Community College District, Orange County, Calif., election of 2002 GO bonds, series 2006B. 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...

Companies mentioned in this report are:
- Coast Comnty Coll Dist
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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- Coast Comnty Coll Dist
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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