Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 3257 Ratings Placed On Watch Negative; Residual Certificates; Tender Option Certificates/Bonds Apr 10
- ID: 1835760
- April 2010
- Standard & Poors
Standard & Poor's Ratings Services placed its ratings on JPMorgan Securities PUTTERs & DRIVERs Trust's series 3257, relating to Illinois' general obligation bonds FIRST series of November 2001, on CreditWatch with negative implications. This action follows Standard & Poor's March 26, 2010, placement of the rating on the underlying bonds (CUSIP# 4521502W4, 4521502Y0, 4521502Z7) on CreditWatch with negative implications. The long-term component of the rating is based on the underlying bonds. The short-term component of the rating is based on liquidity provided by JPMorgan Chase & Co. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...
Companies mentioned in this report are:
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: On CreditWatch:Negative
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