J.P. Morgan Securities Inc.'s Puttable tax-exempt receipts, series 1434, relating to the City of Dallas, Texas (Dallas, Denton, Collin, and Rockwell Counties) waterworks and sewer system revenue refunding bonds, series 2005, are rated 'AA+/A-1' and 'AA+', respectively. The long-term component of the rating is based on the 'AA+' rated City of Dallas, Texas (Dallas, Denton, Collin, and Rockwell Counties) waterworks and sewer system revenue refunding bonds, series 2005. The short-term component of the rating is based on a liquidity facility provided by JP Morgan Chase & Co. scheduled to expire Aug. 2, 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...
Companies mentioned in this report are:
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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