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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1866 Jun 07 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1866 Jun 07

  • ID: 1835415
  • June 2007
  • Standard & Poors

Abstract
J.P. Morgan Securities Inc. puttable and derivative inverse tax-receipts series 1866, relating to Harris County, Texas toll road senior lien revenue refunding bonds series 2007 B, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, MBIA-insured Harris County, Texas toll road senior lien revenue refunding bonds series 2007 B. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on June 12, 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...

Companies mentioned in this report are:
- Harris Cnty
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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- Harris Cnty
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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