|
|
 |
|
Viewing report
|
|
|
|
Bond-Backed Investment Certificates' Rating on Series 1998-Chase-1 Lowered and Off Watch Sep 02
Standard & Poors, Sep 2002
Abstract
NEW YORK (Standard & Poor's) Sept. 23, 2002--Standard & Poor's Ratings Services today lowered its rating on Bond-Backed Investment Certificates' series 1998-Chase-1 and removed it from CreditWatch with negative implications, where it was placed on Aug. 29, 2002 (see list). The lowered rating follows the lowering of J.P. Morgan Chase & Co.'s long-term corporate credit and subordinated debt ratings on Sept. 17, 2002. Bond-Backed Investment Certificates is a swap-independent synthetic transaction that is weak-linked to the underlying collateral, J.P. Morgan Chase & Co.'s subordinated notes. The lowered rating reflects the credit quality of the underlying securities issued by J.P. Morgan Chase & Co. A copy of the J.P. Morgan Chase & Co.-related press release, dated Sept. 17, 2002, can be...
Companies mentioned in this report are: JPMorgan Chase & Co.
Action: Downgraded, Off CreditWatch
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 of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
