J.P. Morgan Securities Inc. puttable and derivative inverse tax-exempt receipts, series 2152 relating to City of Atlanta, Ga. water and wastewater revenue bonds, series 2004, are rated 'AAA/A-1+' and 'AAA', respectively. The long-term component of the rating is based on the 'AAA' rated FSA-insured City of Atlanta, Ga. water and wastewater revenue bonds, series 2004 . The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A. scheduled to expire on Sept. 19, 2008. The receipt holders' ability to receive the purchase price from the liquidity provider may terminate without notice under certain conditions set forth in the documents. The short-term portion of the rating does not apply to any receipts that are
