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Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 4039; Residual Certificates; Tender Option Certificates/Bonds Feb 12 Product Image

Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 4039; Residual Certificates; Tender Option Certificates/Bonds Feb 12

  • ID: 2047845
  • February 2012
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-/A-1' and 'AA-' ratings to JPMorgan Securities PUTTERs & DRIVERs Trust's series 4039, relating to California Health Facilities Finance Authority's (Scripps Health) revenue bonds series 2012A. 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:
- California Hlth Facs Fincg 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 READ MORE >

- California Hlth Facs Fincg Auth
- JPMorgan Secs PUTTERs & DRIVERs Tr Ser

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