Summary: New York St Thruway Auth Sep 05
- ID: 1834344
- September 2005
- Region: New York
- Standard & Poors
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1048, relating to New York State Thruway Authority second general highway and bridge trust fund bonds series 2005 B, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating and the long-term rating are based on the 'AAA' rated, Ambac-insured New York State Thruway Authority second general highway and bridge trust fund bonds series 2005 B. The short-term component of the rating is based on a liquidity facility provided by JP Morgan Chase Bank N.A. scheduled to expire on Sept. 7, 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...
Companies mentioned in this report are:
- New York St Thruway Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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