Standard&Poor's Ratings Services affirmed its 'AA+/A-1+' and 'AA+' ratings on the J.P. Morgan Securities PUTTERs&DRIVERs Trust, series 1592 relating to Pennsylvania Housing Finance Agency's single family mortgage revenue bonds, series 2006-96A and series 2007-97A . This action follows the deleverage of bonds from the PUTTERs to DRIVERs. The long-term component of the rating is based on the underlying bonds. The short-term component of the rating is based on a liquidity facility provided by JPMorgan Chase Bank N.A., scheduled to expire Nov. 27, 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
