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Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1486 Sep 06 Product Image

Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1486 Sep 06

  • Published: September 2006
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA/A-1+' and 'AAA' ratings to J.P. Morgan Securities Inc.'s series 1486 PUTTERs and DRIVERs, respectively, relating to the Miami-Dade County School Board, Fla.'s series 2006A certificates of participation (COPs). The long-term component of the rating is based on the 'AAA' rated, AMBAC-insured underlying COPs. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on Sept. 27, 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:
- Miami Dade Cnty Sch Brd
- 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 READ MORE >

- Miami Dade Cnty Sch Brd
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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