Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2091 Sep 07
- ID: 1835456
- September 2007
- Standard & Poors
J.P. Morgan Securities, Inc., puttable and derivative inverse tax-exempt receipts, series 2091 relating to Golden State Tobacco Securitization Corporation's enhanced tobacco settlement asset-backed bonds, series 2005A are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated AG-insured Golden State Tobacco Securitization Corporation's, enhanced tobacco settlement asset-backed bonds, series 2005A. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A., scheduled to expire Aug. 14, 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...
Companies mentioned in this report are:
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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