Standard & Poor's Ratings Services affirmed its 'AA+/A-1+' and 'AA+' ratings on J.P. Morgan Securities PUTTERs & DRIVERs trust series 1592, relating to Pennsylvania Housing Finance Agency single-family mortgage revenue bonds series 2006-96. This action follows the deposit of additional bonds into the trust. The long-term component of the rating is based on the 'AA+' rated Pennsylvania Housing Finance Agency single family mortgage revenue bonds series 2006-96. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on Nov. 29, 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...
Companies mentioned in this report are:
- Pennsylvania Hsg Fin Agy
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
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