|
|
Article: Fitch Rates J.P. Morgan Securities Inc. PUTTERs & DRIVERs, Series 3606.
- Article from:
- Business Wire
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK -- Fitch Ratings assigns J.P. Morgan Securities Inc.'s puttable tax-exempt receipts, series 3606 (PUTTERs) a rating of 'AA-/F1+' and derivative inverse tax-exempt receipts, series 3606 (DRIVERs) a rating of 'AA-'.
The long-term rating assigned to the PUTTERs and DRIVERs is based on the long-term 'AA-' rating assigned by Fitch to the California Health Facilities Financing Authority, revenue bonds (Sutter Health), series 2007A, deposited in the J.P. Morgan PUTTERs/DRIVERs Trust series 3606.
The short-term 'F1+' rating assigned to the PUTTERs is based on the liquidity facility provided by JPMorgan Chase Bank, N.A. The 'F1+' rating will expire on ...