Standard & Poor's Ratings Services lowered its ratings on JPMorgan Securities PUTTERs & DRIVERs Trust Series 1281, relating to Allegheny County Hospital Development Authority, University of Pittsburgh Medical Center revenue bonds series 2006A, to 'A+' and 'A+/A-1' from 'AA-' and 'AA-/A-1', respectively, and subsequently removed them from CreditWatch with developing implications. This action follows Standard & Poor's downgrade of underlying bonds to 'A+' from 'AA-' and subsequent removal of the rating on the bonds from CreditWatch with developing implications. USPF Criteria: "Secondary Market Derivative Products," June 27, 2007...
Companies mentioned in this report are:
- Univ of Pittsburgh Med Ctr
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
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