Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2449 Jan 08
- ID: 1834174
- January 2008
- Standard & Poors
J.P. Morgan Securities, Inc., puttable tax-exempt receipts, series 2449 relating to the Port Authority of New York and New Jersey's consolidated bonds, 149th series are rated 'AA-/A-1+'. The long-term component of the rating is based on the 'AA-' rated the Port Authority of New York and New Jersey's consolidated bonds, 149th series. The short-term component of the rating is based on a liquidity facility provided by PNC Bank, National Association, scheduled to expire Jan. 15, 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...
Companies mentioned in this report are:
- Port Auth of New York & New Jersey
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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