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Summary: Oregon Dept of Admin Svcs May 05 Product Image

Summary: Oregon Dept of Admin Svcs May 05

  • Published: May 2005
  • Region: Oregon
  • Standard & Poors

FEATURED COMPANIES

  • Oregon Dept of Admin Svcs
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Abstract
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 876, relating to Oregon Department of Administrative Services certificates of participation, 2005 series A, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating and the long-term rating are based on the FSA-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on May 4, 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 to section 2.8 of the "standard term...

Companies mentioned in this report are:
- Oregon Dept of Admin Svcs
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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- Oregon Dept of Admin Svcs
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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