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Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 2637 Mar 08 Product Image

Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 2637 Mar 08

  • Published: March 2008
  • Standard & Poors

FEATURED COMPANIES

  • Metropolitan Transp Auth
  • MORE

Abstract
J.P. Morgan Securities, Inc., puttable tax-exempt receipts, series 2637 relating to Metropolitan Transportation Authority, N.Y.'s transportation revenue refunding bonds, series 2002A are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated FSA-insured Metropolitan Transportation Authority, N.Y.'s transportation revenue refunding bonds, series 2002A. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A., scheduled to expire March 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 2.8 of the "standard...

Companies mentioned in this report are:
- Metropolitan Transp Auth
- 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 READ MORE >

- Metropolitan Transp Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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