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

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

  • Published: July 2006
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AAA/A-1+' and 'AAA' ratings on the J.P. Morgan Securities PUTTERs & DRIVERs Trust, series 1329, relating to Texas Transportation Commission state highway fund first tier revenue bonds, series 2006. This action follows the deposit of additional bonds into the trust. The long-term component of the rating is based on the 'AAA' rated Texas Transportation Commission state highway fund first tier revenue bonds, series 2006. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on May 10, 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...

Companies mentioned in this report are:
- Texas Transp Comm

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 rating of holdings and identify key READ MORE >

- Texas Transp Comm

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