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Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1394 Jul 06 Product Image

Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1394 Jul 06

  • Published: July 2006
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+/A-1+' and 'AA+' ratings to J.P. Morgan Securities Inc.'s series 1394 PUTTERs and DRIVERs, respectively, relating to the state of Ohio's series 2005A infrastructure improvement GO bonds. The long-term component of the rating is based on the 'AA+' rated state of Ohio's series 2005A bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire July 5, 2007. The receipt holders' ability to receive the purchase price from the liquidity provider may terminate without notice under certain conditions set forth in the documents. The short-term portion of the rating does not apply to any receipts that are designated "restricted PUTTERs" pursuant to...

Companies mentioned in this report are:
- Ohio
- 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 READ MORE >

- Ohio
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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