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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2455 Jan 08 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2455 Jan 08

  • ID: 1834035
  • January 2008
  • Standard & Poors

Abstract
J.P. Morgan Securities, Inc., puttable tax-exempt receipts, series 2455 relating to Aurora School Building Corporation (Dearborn County), Ind.'s first mortgage bonds, series 2004 are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated FGIC-insured Aurora School Building Corporation (Dearborn County), Ind.'s first mortgage bonds, series 2004. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire Jan. 22, 2009. 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 section...

Companies mentioned in this report are:
- Aurora Sch Bldg Corp
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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Note: Product cover images may vary from those shown

- Aurora Sch Bldg Corp
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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