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Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 2554 Feb 08 Product Image

Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 2554 Feb 08

  • Published: February 2008
  • Standard & Poors

Abstract
J.P. Morgan Securities, Inc., puttable tax-exempt receipts, series 2554 relating to Puerto Rico Highways and Transportation Authority's transportation revenue refunding bonds (series N) are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated FSA-insured Puerto Rico Highways and Transportation Authority's transportation revenue refunding bonds (series N). The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A., scheduled to expire Feb. 12, 2009. 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...

Companies mentioned in this report are:
- Puerto Rico Hwy & Transp Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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- Puerto Rico Hwy & Transp Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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