Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 3838; Residual Certificates; Tender Option Certificates/Bonds Jan 12
- ID: 2042304
- January 2012
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA/A-1' and 'AA' ratings to JPMorgan Securities PUTTERs & DRIVERs Trust's series 3838, relating to Los Angeles, Calif.'s (Los Angeles International Airport) senior revenue bonds (tax-exempt, non-amt) series 2010D. 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 Nov. 29, 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:
- Los Angeles
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser
Action: New Rating
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