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List of Municipal Transactions Downgraded Due to JP Morgan Downgrade Sep 02

Description:
Abstract
Following is a list of municipal transactions backed by J.P. Morgan Chase & Co. or J.P. Morgan Chase Bank, the long- and short-term credit ratings of which Standard & Poor's Ratings Services lowered to 'AA-/A-1+' from 'AA/A-1+' on Sept. 17, 2002. The list also includes the municipal LOC-backed transactions that were lowered due to the aforementioned action on the long-term credit rating of J.P. Morgan Chase Bank. J.P. Morgan Secs PUTTERs & DRIVERs Tr Ser 132; 133; 134; 137; 138; 139; and 241 J.P. Morgan Secs PUTTERs & DRIVERs Tr Ser 254 Missouri Hlth & Ed Fac Auth equipt & cap ln prog (Christian Hlth Svc Dev Corp) Ser 89 A B Philadelphia Indl Dev Auth rev bnds Fox Chase...

Companies mentioned in this report are:
- JPMorgan Chase Bank N.A.
- JPMorgan Chase & Co.
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
Companies Mentioned
- JPMorgan Chase Bank N.A.
- JPMorgan Chase & Co.
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
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