• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: JPMorgan Securities PUTTERs & DRIVERs Trust's Series 3421 Ratings Lowered To 'AA/A-1+' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds Mar 11 Product Image

Summary: JPMorgan Securities PUTTERs & DRIVERs Trust's Series 3421 Ratings Lowered To 'AA/A-1+' And 'AA'; Residual Certificates; Tender Option Certificates/Bonds Mar 11

  • ID: 1835549
  • March 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services lowered its ratings on JPMorgan Securities PUTTERs & DRIVERs Trust's series 3421, relating to Nevada's general obligation (limited tax) capital improvement and cultural affairs bonds series 2008C, to 'AA/A-1+' and 'AA' from 'AA+/A-1+' and 'AA+', respectively. This action follows Standard & Poor's March 10, 2011, downgrade of its rating on the underlying bonds to 'AA' from 'AA+'. The long-term component of the rating is based on the underlying bonds (CUSIP #: 641461JB5, 641461JC3). The short-term component of the rating is based on the liquidity facility provided by JPMorgan Chase Bank N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...

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

Action: Downgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, READ MORE >

- Nevada
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Note: Product cover images may vary from those shown

RELATED PRODUCTS