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Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series Aug 06 Product Image

Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series Aug 06

  • ID: 1834782
  • August 2006
  • Standard & Poors

Abstract
J.P. Morgan Securities Inc.'s Puttable tax-exempt receipts, series 1447, relating to Miami-Dade County, Fla., Miami International Airport aviation revenue bonds, series 2005A, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, CIFG-insured Miami-Dade County, Miami International Airport aviation revenue bonds, series 2005A. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire Aug. 16, 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 "restricted PUTTERs" pursuant to Section...

Companies mentioned in this report are:
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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