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Summary: JPMorgan Securities PUTTERs&DRIVERS Trust Series 3751Z Ratings Raised To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds

Published Apr 30, 2012

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Abstract:

Standard&Poor's Ratings Services raised its ratings on JPMorgan Securities PUTTERs&DRIVERS Trust's series 3751Z, relating to the city of Los Angeles, Calif.'s wastewater system revenue refunding bonds series 2009A, to 'AA+/A-1' and 'AA+' from 'AA/A-1' and 'AA', respectively. This action follows Standard&Poor's April 13, 2012, upgrade of its rating on the underlying bonds to 'AA+' from 'AA'. The long-term component of the rating on the PUTTERs and DRIVERs is based on the rating on the underlying bonds (CUSIP #: 5446523U2). The short-term component of the rating on the PUTTERs is based on the liquidity provided by JPMorgan Chase Bank N.A. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to

Report Type:

Summary

Issuer

Los Angeles

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Summary: JPMorgan Securities PUTTERs&DRIVERS Trust Series 3751Z Ratings Raised To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds" Apr 30, 2012. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-JPMorgan-Securities-PUTTERs-DRIVERS-Trust-Series-3751Z-Ratings-Raised-To-AA-A-1-And-AA-Residual-Certificates-Tender-Option-Certificates-Bonds-961897>

APA:	S&P Global Ratings’ Credit Research. (). Summary: JPMorgan Securities PUTTERs&DRIVERS Trust Series 3751Z Ratings Raised To 'AA+/A-1' And 'AA+'; Residual Certificates; Tender Option Certificates/Bonds Apr 30, 2012. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-JPMorgan-Securities-PUTTERs-DRIVERS-Trust-Series-3751Z-Ratings-Raised-To-AA-A-1-And-AA-Residual-Certificates-Tender-Option-Certificates-Bonds-961897>

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