Summary: JPMorgan Securities LLC (Series 3004); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: JPMorgan Securities LLC (Series 3004); Residual Certificates; Tender Option Certificates/Bonds

Summary: JPMorgan Securities LLC (Series 3004); Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: JPMorgan Securities LLC (Series 3004); Residual Certificates; Tender Option Certificates/Bonds
Published Mar 20, 2023
5 pages (1932 words) — Published Mar 20, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

March 20, 2023 3004 Freddie Mac, Va.'s series M-037 class A certificates JPMorgan Chase Bank N.A. JPMorgan Securities LLC JP Morgan Securities LLC Daily S&P Global Ratings assigned the above-mentioned ratings to the puttable tax-exempt receipts (PUTTERs) and derivative inverse tax-exempt receipts (DRIVERs), (collectively the receipts),reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the receipts. Trust assets include all distributions of principal; interest; and premiums, if any, from the underlying securities and tender-option provider, which is in place to support tender payments on the PUTTERs. The long-term component of our rating on the PUTTERs reflects the ratings on the underlying securities and addresses full and timely

  
Brief Excerpt:

...S&P Global Ratings assigned the above-mentioned ratings to the puttable tax-exempt receipts (PUTTERs) and derivative inverse tax-exempt receipts (DRIVERs), (collectively the receipts),reflecting its opinion of the likelihood the trust will have sufficient assets to pay timely interest and full principal when due on the receipts. Trust assets include all distributions of principal; interest; and premiums, if any, from the underlying securities and tender-option provider, which is in place to support tender payments on the PUTTERs....

  
Report Type:

Summary

Ticker
FRE
Issuer
Freddie Mac
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: JPMorgan Securities LLC (Series 3004); Residual Certificates; Tender Option Certificates/Bonds" Mar 20, 2023. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-JPMorgan-Securities-LLC-Series-3004-Residual-Certificates-Tender-Option-Certificates-Bonds-2962388>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: JPMorgan Securities LLC (Series 3004); Residual Certificates; Tender Option Certificates/Bonds Mar 20, 2023. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-JPMorgan-Securities-LLC-Series-3004-Residual-Certificates-Tender-Option-Certificates-Bonds-2962388>
  
US$ 225.00
$  £  €
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