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Summary: South Dearborn Comnty Sch Corp, IN Jan 05 Product Image

Summary: South Dearborn Comnty Sch Corp, IN Jan 05

  • Published: January 2005
  • Standard & Poors

Abstract
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 642 (South Dearborn Community School Corp.), relating to Aurora School Building Corp. first mortgage bonds series 2004, are rated 'AAA/A-1'. The long-term component of the rating is based on the FGIC-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 Dec. 29, 2005. 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 term and provisions of the...

Companies mentioned in this report are:
- South Dearborn Comnty Sch Corp
- 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 READ MORE >

- South Dearborn Comnty Sch Corp
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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