Summary: New Jersey Transp Trust Fd Auth Apr 05
- ID: 1835185
- April 2005
- Region: New Jersey
- Standard & Poors
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 823, relating to New Jersey Transportation Trust Fund Authority transportation system bonds, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating and the long-term rating are based on a MBIA-insured underlying bonds, a FGIC-insured underlying bond, and an uninsured underlying bond. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on March 30, 2006. 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...
Companies mentioned in this report are:
- New Jersey Transp Trust Fd Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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