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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2031 Aug 07 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2031 Aug 07

  • ID: 1834250
  • August 2007
  • Standard & Poors

Abstract
J.P. Morgan Securities, Inc., puttable and derivative inverse tax-exempt receipts, series 2031 relating to the City of New York, New York, GO bonds, fiscal 2004 series J, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, MBIA-insured City of New York, New York, GO bonds, fiscal 2004 series J. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire Aug. 14, 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...

Companies mentioned in this report are:
- New York City
- 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 users determine the credit rating of holdings and identify READ MORE >

- New York City
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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