J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 834, relating to Hawaii State Department of Budget and Finance special purpose revenue bonds (Hawaii Pacific Health Obligated Group) series 2005A, are rated 'AA/A-1'and 'AA', respectively. The long-term component of the rating and the long-term rating are based on the joint support of the underlying bond ('BBB+') and the letter of credit provided by JPMorgan Chase & Co. ('A+/A-1') enhancing the custodial receipts series 2005-3. The letter of credit is scheduled to expire July 1, 2009. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase & Co. scheduled to expire on April 6, 2006. The receipt holders' ability to receive the purchase price from the...
Companies mentioned in this report are:
- Hawaii Pacific Hlth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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