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Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1483 Oct 06 Product Image

Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1483 Oct 06

  • ID: 1834385
  • October 2006
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA/A-1+' and 'AAA' ratings to J.P. Morgan Securities Inc.'s series 1483 PUTTERs and DRIVERs, respectively, relating to Rancho Santiago Community College District (Orange County), Calif.'s GO bonds, election of 2002, series C. The long-term component of the rating is based on the 'AAA' rated, FSA-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on Oct. 4, 2007. 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...

Companies mentioned in this report are:
- Rancho Santiago Comnty Coll Dist
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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- Rancho Santiago Comnty Coll Dist
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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