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Summary: Illinois State Toll Highway Authority J.P. Morgan Securities PUTTERs & DRIVERs Trust Series Jun 06
Standard & Poors, June 2006
J.P. Morgan Securities Inc.'s Puttable tax-exempt receipts, series 1355, relating to Illinois State Toll Highway Authority toll highway senior priority revenue bonds, 2006 series A-1, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, FSA-insured Illinois State Toll Highway Authority toll highway senior priority revenue bonds, 2006 series A-1. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on June 7, 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...
Companies mentioned in this report are: Illinois St Toll Hwy Auth,JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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Illinois St Toll Hwy Auth,JPMorgan Secs PUTTERs & DRIVERs Tr Ser