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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1747 Mar 07 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1747 Mar 07

  • ID: 1835325
  • March 2007
  • Standard & Poors

FEATURED COMPANIES

  • Metropolitan Transp Auth
  • MORE

Abstract
J.P. Morgan Securities Inc. puttable and derivative inverse tax-exempt receipts series 1747, relating to Metropolitan Transportation Authority, N.Y. dedicated tax fund bonds series 2006B, are rated 'AAA/A-1' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, MBIA-insured Metropolitan Transportation Authority, N.Y. dedicated tax fund bonds series 2006B. The short-term component of the rating is based on a liquidity facility provided by PNC Bank N.A. scheduled to expire on March 20, 2008. 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:
- Metropolitan Transp Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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Note: Product cover images may vary from those shown

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

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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