African Infrastructure Tracker: South Africa's Social Infrastructure
- Language: English
- 124 Pages
- Published: May 2012
- Region: South Africa
Abstract
Standard & Poor's Ratings Services lowered its ratings on JPMorgan Securities PUTTERs & DRIVERs Trust's (Piedmont Healthcare Inc.) puttable tax-exempt receipt and derivative investment tax-exempt receipt series 3619 to 'AA-/A-1+' and 'AA-' from 'AA/A-1+' and 'AA', respectively. This action follows Standard & Poor's Oct. 8, 2010, downgrade of the rating on the underlying bond to 'AA-' from 'AA'. The long-term component of the rating is based on the underlying bond. The short-term component of the rating for the floater is based on the liquidity provided by JPMorgan Chase Bank N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...
Companies mentioned in this report are:
- Piedmont Healthcare Inc
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: Downgraded
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 Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes
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- Piedmont Healthcare Inc
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
| Format | Properties | |
|---|---|---|
| Electronic | The report will be emailed to you. |