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Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1365 Sep 06 Product Image

Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1365 Sep 06

  • ID: 1833917
  • September 2006
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AAA/A-1+' and 'AAA' ratings on J.P. Morgan Securities series 1365 PUTTERs & DRIVERs, respectively, relating to New Jersey Transportation Trust Fund Authority's 2006 series C transportation system bonds. This action follows the third deposit of additional bonds into the trust. The long-term component of the rating is based on the insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on June 7, 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...

Companies mentioned in this report are:
- New Jersey Transp Trust Fd Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: Affirmed

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- New Jersey Transp Trust Fd Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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