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Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2138 Sep 07 Product Image

Summary: J.P. Morgan Secs PUTTERs & DRIVERs Trust Series 2138 Sep 07

  • Published: September 2007
  • Standard & Poors

FEATURED COMPANIES

  • Pennsylvania Hsg Fin Agy
  • MORE

Abstract
J.P. Morgan Securities, Inc., puttable and derivative inverse tax-exempt receipts, series 2138 relating to the Pennsylvania Housing Finance Agency's single family mortgage revenue bonds, series 2007-99A are rated 'AA+/A-1+' and 'AA+', respectively. The long-term component of the rating is based on the 'AA+' rated Pennsylvania Housing Finance Agency's single family mortgage revenue bonds, series 2007-99A. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A., scheduled to expire Sept. 11, 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 designated "restricted...

Companies mentioned in this report are:
- Pennsylvania Hsg Fin Agy
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. READ MORE >

- Pennsylvania Hsg Fin Agy
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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