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Summary: Massachusetts Apr 05 Product Image

Summary: Massachusetts Apr 05

  • Published: April 2005
  • Region: Massachusetts
  • Standard & Poors

Abstract
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 794, relating to Massachusetts general obligation bonds, consolidated loan of 2005, series A, series 2005-C, are rated 'AAA/A-1' and 'AAA', respectively. The long-term component of the rating and the long-term rating are based on the FSA-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase & Co. scheduled to expire on March 30, 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 2.8 of the "standard...

Companies mentioned in this report are:
- Massachusetts
- 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 READ MORE >

- Massachusetts
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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