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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1659 Jan 07 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1659 Jan 07

  • ID: 1835180
  • January 2007
  • Standard & Poors

FEATURED COMPANIES

  • Metropolitan Transp Auth
  • MORE

Abstract
J.P. Morgan Securities Inc. PUTTERs & DRIVERs Trust Series 1659, relating to Metropolitan Transportation Authority, N.Y. transportation revenue bonds series 2006 B, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, FSA-insured Metropolitan Transportation Authority transportation revenue bonds series 2006 B. 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 "restricted PUTTERs" pursuant to section...

Companies mentioned in this report are:
- Metropolitan Transp Auth
- 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 READ MORE >

- Metropolitan Transp Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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