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Summary: Central Texas Tpk Sys Jan 03 Product Image

Summary: Central Texas Tpk Sys Jan 03

  • ID: 1833736
  • January 2003
  • Region: Texas
  • Standard & Poors

Abstract
The J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 325, relating to Central Texas Turnpike System revenue bonds capital appreciation bonds, is rated 'AAA/A-1+'. The long-term component of the rating is based on the Ambac-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank until Jan. 8, 2004....

Companies mentioned in this report are:
- Central Texas Tpk Sys
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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.

- Central Texas Tpk Sys
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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