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Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 2535 Feb 08 Product Image

Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 2535 Feb 08

  • ID: 1834339
  • February 2008
  • Standard & Poors

Abstract
J.P. Morgan Securities, Inc., puttable tax-exempt receipts, series 2535 relating to New York City Transitional Finance Authority's building aid revenue bonds, series S-2 are rated 'AAA/A-1+' and 'AAA'. The long-term component of the rating is based on the underlying bond. This bond has secondary market bond insurance provided by Assured Guaranty Corp, and primary market bond insurance provided by FGIC. Initially, the trust is rated based on the highest of these credit supports and will be rated ongoing on that basis. The short-term component of the rating is based on a liquidity facility provided by JP Morgan Chase Bank, NA ('AA/A-1') scheduled to expire Feb. 19, 2009. The short-term rating of the trust will be also based on the correlated...

Companies mentioned in this report are:
- New York City Transitional 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 Credit Research lets users determine the credit READ MORE >

- New York City Transitional Fin Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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