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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1846 May 07 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1846 May 07

  • Published: May 2007
  • Standard & Poors

Abstract
J.P. Morgan Securities Inc. puttable and derivative inverse tax-exempt receipts series 1846, relating to Board of Trustees of Michigan State University general revenue bonds series 2007B, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, AMBAC-insured Board of Trustees of Michigan State University general revenue bonds series 2007B. 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 15, 2008. 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...

Companies mentioned in this report are:
- Michigan St Univ
- 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 >

- Michigan St Univ
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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