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Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series Jun 06

  • ID: 1835754
  • June 2006
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA/A-1+' and 'AA' ratings to J.P. Morgan Securities Inc.'s series 1372 PUTTERs and DRIVERs, relating to New York State Environmental Facilities Corporation's series 2006B state clean water and drinking water revolving funds revenue bonds (New York City Municipal Water Finance Authority Projects - Second Resolution Bonds). The long-term component of the rating is based on the 'AA' rated New York State Environmental Facilities Corporation's series 2006B state clean water and drinking water revolving funds revenue bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on June 21, 2007. The receipt holders' ability to receive the purchase price from the liquidity...

Companies mentioned in this report are:
- New York City Mun Wtr Fin Auth
- 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. RatingsXpress Credit READ MORE >

Note: Product cover images may vary from those shown

- New York City Mun Wtr Fin Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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