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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1657 Jan 07 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1657 Jan 07

  • Published: January 2007
  • Standard & Poors

Abstract
J.P. Morgan Securities, Inc. PUTTERs & DRIVERs Trust series 1657, relating to Arizona Board of Regents certificates of participation (Arizona State University) series 2006, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, MBIA-insured Arizona Board of Regents certificates of participation (Arizona State University) series 2006. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on Dec. 20, 2007. 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...

Companies mentioned in this report are:
- Arizona 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 READ MORE >

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

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