JPMorgan Securities PUTTERs&DRIVERs Trust Series 4286 Ratings Lowered To 'AA-/A-1' And 'AA-' - S&P Global Ratings’ Credit Research

JPMorgan Securities PUTTERs&DRIVERs Trust Series 4286 Ratings Lowered To 'AA-/A-1' And 'AA-'

JPMorgan Securities PUTTERs&DRIVERs Trust Series 4286 Ratings Lowered To 'AA-/A-1' And 'AA-' - S&P Global Ratings’ Credit Research
JPMorgan Securities PUTTERs&DRIVERs Trust Series 4286 Ratings Lowered To 'AA-/A-1' And 'AA-'
Published Oct 11, 2013
1064 words — Published Oct 11, 2013
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Abstract:

NEW YORK (Standard&Poor's) Oct. 11, 2013--Standard&Poor's Ratings Services lowered its ratings on JPMorgan Securities PUTTERs&DRIVERs Trust's series 4286 puttable tax-exempt and derivative inverse tax-exempt receipts, relating to Michigan Finance Authority's (Trinity Health Credit Group) series 2010A refunding revenue bonds, to 'AA-/A-1' and 'AA-', respectively, from 'AA/A-1' and 'AA', respectively. This action follows Standard&Poor's Oct. 3, 2013, lowering of its rating on the underlying bonds to 'AA-' from 'AA' (see, "Trinity Health, MI And Catholic Health East, PA Ratings Revised After Merger", published Oct. 3, 2013, on RatingsDirect). The long-term component of the rating on the PUTTERs&DRIVERs is based on the rating on the underlying bonds (CUSIP#: 59447PCB5). The short-term component of

  
Brief Excerpt:

RESEARCH JPMorgan Securities PUTTERs & DRIVERs Trust Series 4286 Ratings Lowered To '##-/A-1' And '##-' Publication date: 11-Oct-2013 Primary Credit Analyst: Santos Souffront, New York (1) 212-438-2197; santos.souffront@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
27822Z
Issuer
Sector
Global Issuers, Public Finance, Structured Finance
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MLA:
S&P Global Ratings’ Credit Research. "JPMorgan Securities PUTTERs&DRIVERs Trust Series 4286 Ratings Lowered To 'AA-/A-1' And 'AA-'" Oct 11, 2013. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/JPMorgan-Securities-PUTTERs-DRIVERs-Trust-Series-4286-Ratings-Lowered-To-AA-A-1-And-AA-1202916>
  
APA:
S&P Global Ratings’ Credit Research. (). JPMorgan Securities PUTTERs&DRIVERs Trust Series 4286 Ratings Lowered To 'AA-/A-1' And 'AA-' Oct 11, 2013. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/JPMorgan-Securities-PUTTERs-DRIVERs-Trust-Series-4286-Ratings-Lowered-To-AA-A-1-And-AA-1202916>
  
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