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Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 2298; Residual Certificates Dec 08 Product Image

Summary: JPMorgan Secs PUTTERs & DRIVERs Trust Series 2298; Residual Certificates Dec 08

  • Published: December 2008
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services downgraded its rating on JPMorgan Securities Inc. derivative inverse tax-exempt receipts (Puerto Rico Sales Tax Finance Corp.) series 2298 relating to Puerto Rico Sales Tax Financing Corporation Sale to 'A+' from 'AAA'. This action follows the downgrade of Ambac Assurance Corp. and the upgrade of the underlying bond to 'A+/Stable' from 'A/Negative'. The long-term component of the rating is based on the underlying bond (A+)....

Companies mentioned in this report are:
- Puerto Rico Sales Tax Fincg Corp
- 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, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic READ MORE >

- Puerto Rico Sales Tax Fincg Corp
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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