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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2248 Nov 07 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2248 Nov 07

  • Published: November 2007
  • Standard & Poors

Abstract
J.P. Morgan Securities, Inc., puttable and derivative inverse tax-exempt receipts, series 2248 relating to the Indianapolis Local Public Improvement Bond Bank, Ind.'s refunding bonds, series 2007D are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated the Indianapolis Local Public Improvement Bond Bank, Ind.'s refunding bonds, series 2007D. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A., scheduled to expire Nov. 6, 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...

Companies mentioned in this report are:
- The Indianapolis Local Pub Imp Bnd Bank
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

- The Indianapolis Local Pub Imp Bnd Bank
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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