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Summary: Harris Cnty, TX Mar 05 Product Image

Summary: Harris Cnty, TX Mar 05

  • ID: 1834457
  • March 2005
  • Standard & Poors

Abstract
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 646, relating to Harris County, Texas unlimited tax road and refunding bonds series 2004B, are rated 'AA+/A-1+'. The long-term component of the rating is based on the underlying bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank scheduled to expire on Dec. 15, 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 trust agreement". The rating on...

Companies mentioned in this report are:
- Harris Cnty
- 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 the credit rating of holdings READ MORE >

- Harris Cnty
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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