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Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 3874; Residual Certificates; Tender Option Certificates/Bonds Mar 11 Product Image

Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 3874; Residual Certificates; Tender Option Certificates/Bonds Mar 11

  • ID: 1833693
  • March 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+/A-1+' and 'AA+' ratings to JPMorgan Securities PUTTERs & DRIVERs Trust's series 3874, relating to Detroit School District, Mich.'s Wayne County school building and site improvement refunding bonds (unlimited-tax general obligation) series 2005A. The long-term component of the rating is based on the Assured Guaranty Municipal Corp.-insured underlying bonds (AA+).  The short-term component of the rating is based on JPMorgan Chase Bank N.A. until March 16, 2012. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...

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

Action: New Rating
Action: Outlook: Stable

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 the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Detroit Pub Schs
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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