Summary: JPMorgan Securities Taxable PUTTERs & DRIVERs Trust Series 3947; Residual Certificates; Tender Option Certificates/Bonds Sep 11
- ID: 1887795
- September 2011
- Standard & Poors
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
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