Summary: Detroit Sch Dist, MI Sep 05
- ID: 1835719
- September 2005
- Standard & Poors
J.P. Morgan Securities PUTTERs & DRIVERs Trust Series 1092, relating to Detroit School District, Wayne County, Mich. school building and site improvement refunding bonds (unlimited tax general obligations) series 2005 A, are rated 'AAA/A-1' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated, FSA-insured, Detroit School District, Wayne County, Mich. school building and site improvement refunding bonds (unlimited tax general obligations) series 2005 A. The short-term component of the rating is based on a liquidity facility provided by PNC Bank N.A. scheduled to expire on Sept. 21, 2006. 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...
Companies mentioned in this report are:
- Detroit Pub Schs
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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