Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 2821 Ratings Lowered To ?AA/A-1? And ?AA'; Off Watch Negative; Residual Certificates; Tender Option Certificates/Bonds Jan 12
- Language: English
- Published: January 2012
Ribco Trust floating rate trust receipts series 2007-P129W are rated 'AAA/A-1'. The long-term component of the rating is based on the 'AAA' rated FGIC-insured Sacramento County Water Financing Authority revenue bonds (Sacramento County Water Agency Zones 40 and 41 2007 Water System Project) series 2007B. The short-term component of the rating is based on a liquidity facility provided by Lehman Liquidity Co. LLC secured by a line of credit from Lehman Brothers Holdings Inc. expiring June 1, 2034. Ribco Trust residual interest trust receipts series 2007-P129W are rated 'AAA'. The rating is based on the 'AAA' rated FGIC-insured Sacramento County Water Financing Authority revenue bonds (Sacramento County Water Agency Zones 40 and 41 2007 Water System Project), series 2007B. The...
Companies mentioned in this report are: Sacramento Cnty,Ribco Tr,Sacramento Cnty Wtr Fincg Auth
Action: New Rating
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Sacramento Cnty,Ribco Tr,Sacramento Cnty Wtr Fincg Auth