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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2461 Jan 08 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2461 Jan 08

  • Published: January 2008
  • Standard & Poors

Abstract
J.P. Morgan Securities, Inc., puttable tax-exempt receipts, series 2461 relating to New Mexico Finance Authority's state transportation revenue bonds (senior lien), series 2004A are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated MBIA-insured New Mexico Finance Authority's state transportation revenue bonds (senior lien), series 2004A. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire Jan. 22, 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 section...

Companies mentioned in this report are:
- New Mexico Fin Auth
- 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 READ MORE >

- New Mexico Fin Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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