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Summary: Minneapolis St Paul Metro Arpts Comm, MN Jun 05 Product Image

Summary: Minneapolis St Paul Metro Arpts Comm, MN Jun 05

  • Published: June 2005
  • Standard & Poors

Abstract
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 928, relating to Minneapolis St. Paul Metropolitan Airports Commission, Minn.'s subordinate airport revenue bonds series 2005 B (AMT), are rated 'AAA/A-1' and 'AAA', respectively. The long-term component of the rating and the long-term rating are based on the 'AAA' rated, Ambac Assurance Corp.-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase & Co. scheduled to expire on June 1, 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"...

Companies mentioned in this report are:
- Minneapolis St Paul Metro Arpts Comm
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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- Minneapolis St Paul Metro Arpts Comm
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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