Standard & Poor's Ratings Services assigned its 'AA-/A-1' and 'AA-' ratings to JPMorgan Securities PUTTERs & DRIVERs Trust's series 4015, relating to Bucks County Water & Sewer Authority's water system revenue bonds series 2011. 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 Dec. 27, 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 of...
Companies mentioned in this report are:
- Bucks Cnty Wtr & Swr Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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