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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2092 Sep 07 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2092 Sep 07

  • ID: 1834639
  • September 2007
  • 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 2092 relating to the Port Authority of New York and New Jersey's consolidated bonds, 148th series. This action follows the deposit of additional bonds into the trust. The long-term component of the rating is based on the insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A., scheduled to expire Aug. 27, 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...

Companies mentioned in this report are:
- Port Auth of New York & New Jersey
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: Affirmed

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 >

- Port Auth of New York & New Jersey
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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