Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 4010; Residual Certificates; Tender Option Certificates/Bonds Dec 11
- ID: 2034454
- December 2011
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA/A-1' and 'AA' ratings to JPMorgan Securities PUTTERs & DRIVERs Trust's series 4010, relating to Kansas Development Finance Authority's revenue bonds series 2011K (Kansas Department of Commerce Impact Program). 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 PUTTERsis based on the rating on JPMorgan Chase & Bank N.A., until Dec. 13, 2012. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties and enforcement mechanisms available to investors and a description...
Companies mentioned in this report are:
- Kansas Dev Fin Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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