Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 1408 Aug 08
Standard & Poors, August 2008
Abstract
Standard & Poor's Ratings Services raised the long-term component of its rating on JPMorgan Securities Inc. puttable tax-exempt receipts (Louisiana) trust series 1408 to 'A+' from 'A'. This action follows Standard & Poor's upgrade of the underlying bond to 'A+' from 'A'. The long-term component of the rating is based on the underlying bond....
Companies mentioned in this report are:
- Louisiana
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: Upgraded
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
- Louisiana
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
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