Summary: Harlandale Indpt Sch Dist, TX Oct 04
- ID: 1834164
- October 2004
- Standard & Poors
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 524, relating to Harlandale Independent School District, Texas unlimited tax general obligation bonds series 2004, are rated 'AAA/A-1+'. The long-term component of the rating is based on the Texas Permanent School Fund-enhanced underlying bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank scheduled to expire on Oct. 27, 2005. 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 2.8 of the "standard term and provisions of the...
Companies mentioned in this report are:
- Harlandale Indpt Sch Dist
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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