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Summary: JPMorgan Securities Taxable PUTTERs & DRIVERs Trust Series 3947; Residual Certificates; Tender Option Certificates/Bonds Sep 11 Product Image

Summary: JPMorgan Securities Taxable PUTTERs & DRIVERs Trust Series 3947; Residual Certificates; Tender Option Certificates/Bonds Sep 11

  • Published: September 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-/A-1+' and 'AA-' ratings to JPMorgan Securities Taxable PUTTERs & DRIVERs Trust's series 3947, respectively, relating to Southern California Public Power Authority's revenue bonds series 2011-1. The long-term component of the rating on the PUTTERs and DRIVERs is based on the rating on the underlying asset (AA-). The short-term component of the rating on the PUTTERs is based on the rating on JPMorgan Chase Bank N.A., until Sept. 7, 2012. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...

Companies mentioned in this report are:
- Southern California Pub Pwr Auth
- JPMorgan Secs Taxable 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 Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding READ MORE >

- Southern California Pub Pwr Auth
- JPMorgan Secs Taxable PUTTERs & DRIVERs Tr Ser

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