Summary: J.P. Morgan Securities PUTTERs & DRIVERs Trust Series Jun 06
- ID: 1835754
- June 2006
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AAA/A-1+' and 'AAA' ratings to J.P. Morgan Securities Inc.'s series 1391 PUTTERs and DRIVERs, respectively, relating to the Phoenix Industrial Development Authority, Ariz.'s series 1983 single-family mortgage revenue bonds. The long-term component of the rating is based on the 'AAA' rated Phoenix Industrial Development Authority's series 1983 single-family mortgage 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 28, 2007. 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...
Companies mentioned in this report are:
- Phoenix Indl Dev Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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