Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 4046; Residual Certificates; Tender Option Certificates/Bonds Feb 12
- ID: 2047698
- February 2012
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-/A-1' and 'AA-' ratings to JPMorgan Securities PUTTERs & DRIVERs Trust's series 4046, relating to South Carolina Public Service Authority's revenue obligation refunding bonds series 2003A. The long-term component of the rating on the PUTTERs 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 Jan. 30, 2013. 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 how they differ from...
Companies mentioned in this report are:
- South Carolina Pub Svc 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 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >