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S&P Corrects Rating On JPMorgan Securities PUTTERs & DRIVERs Trust's Series 3324 To 'AA+' Jul 10 Product Image

S&P Corrects Rating On JPMorgan Securities PUTTERs & DRIVERs Trust's Series 3324 To 'AA+' Jul 10

  • Published: July 2010
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) July 27, 2010--Standard & Poor's Ratings Services corrected its rating on JPMorgan Securities PUTTERs & DRIVERs Trust's derivative inverse tax-exempt receipts series 3324, relating to Tampa Bay Water's Regional Water Supply Authority utility system revenue bonds series 2008, to 'AA+' from 'NR'. The outlook is not meaningful. On April 2, 2009, the rating on the bonds was withdrawn due to an incorrect maturity date entered in WFM when the issue was created....

Companies mentioned in this report are:
- Tampa Bay Wtr
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: Rating Reinstated

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 READ MORE >

- Tampa Bay Wtr
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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