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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1636 Jan 07 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1636 Jan 07

  • Published: January 2007
  • Standard & Poors

Abstract
J.P. Morgan Securities Inc. PUTTERs & DRIVERs Trust Series 1636, relating to Harris County Flood Control District, Texas improvement bonds series 2007, are rated 'AA+/A-1+' and 'AA+', respectively. The long-term component of the rating is based on the 'AA+' rated Harris County Flood Control District, Texas improvement bonds series 2007. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on Jan. 17, 2008. 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:
- Harris Cnty Flood Cntl Dist
- 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 READ MORE >

- Harris Cnty Flood Cntl Dist
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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