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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1562 Nov 06 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 1562 Nov 06

  • Published: November 2006
  • Standard & Poors

Abstract
J.P. Morgan Securities Inc. puttable tax-exempt receipts series 1562, relating to Pennsylvania Turnpike Commission oil franchise tax subordinated revenue refunding bonds, series B of 2006 are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated AMBAC-insured Pennsylvania Turnpike Commission Oil franchise tax subordinated revenue refunding bonds series B of 2006. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on Nov. 15, 2007. 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:
- Pennsylvania Tpk Comm
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

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- Pennsylvania Tpk Comm
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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