Summary: Triborough Br & Tunnel Auth, NY Mar 03
Standard & Poors, March 2003
Abstract
The J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 342, relating to Triborough Bridge and Tunnel Authority subordinate revenue bonds series 2003A, 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 March 5, 2004....
Companies mentioned in this report are:
- Triborough Br & Tunnel Auth
- 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.
- Triborough Br & Tunnel Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
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