Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 1281 Ratings Lowered To 'A+' And 'A+/A-1'; Residual Certificates; Tender Option Certificates/Bonds Aug 09
- ID: 1833732
- August 2009
- Standard & Poors
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
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.