J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1176, relating to the City and County of Honolulu's GO bonds, series 2005E, were rated 'AAA/A-1' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, FGIC-insured City and County of Honolulu's GO bonds, series 2005E. The short-term component of the rating is based on a liquidity facility provided by JP Morgan Chase & Co. scheduled to expire on Nov. 22, 2006. 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:
- Honolulu City & Cnty
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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