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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2265 Oct 07 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2265 Oct 07

  • Published: October 2007
  • Standard & Poors

FEATURED COMPANIES

Abstract
J.P. Morgan Securities Inc., puttable and derivative inverse tax-exempt receipts, series 2265, relating to City of Odessa, Texas (Ector and Midland counties), combination tax and revenue certificates of obligation, series 2007, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated MBIA-insured City of Odessa, Texas (Ector and Midland counties), combination tax and revenue certificates of obligation, series 2007. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on Oct. 23, 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...

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

Action: New Rating

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- Odessa
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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