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Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 4015; Residual Certificates; Tender Option Certificates/Bonds Dec 11

  • ID: 2036285
  • December 2011
  • Standard & Poors
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FEATURED COMPANIES

  • Bucks Cnty Wtr & Swr Auth
  • MORE

Abstract
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

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 READ MORE >

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- Bucks Cnty Wtr & Swr Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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