Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 4039; Residual Certificates; Tender Option Certificates/Bonds Feb 12
- ID: 2047845
- 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 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
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