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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

  • Published: August 2006
  • Standard & Poors

Abstract
J.P. Morgan Securities Inc.'s Puttable tax-exempt receipts, series 1450, relating to the City and County of Denver, Colo., for the Department of Aviation airport system revenue bonds, series 2006A, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, FGIC-insured City and County of Denver for the Department of Aviation airport system revenue bonds, series 2006A. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on 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...

Companies mentioned in this report are:
- Denver City & Cnty Dept of Aviation
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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- Denver City & Cnty Dept of Aviation
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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