Standard&Poor's Ratings Services lowered its rating on JPMorgan Securities PUTTERs&DRIVERs Trust's series 2359, relating to Illinois Development Finance Authority's (Regency Park at Lincolnwood Project) retirement housing revenue bonds series 1991B, to 'AA+ (sf)/A-1+ (sf)' from 'AAA (sf)/A-1+ (sf)', and removed it from CreditWatch with negative implications. This action follows Standard&Poor's Aug. 8, 2011, downgrade of its rating on the underlying bonds and removal from CreditWatch with negative implications. The long-term component of the rating on the PUTTERs and DRIVERs is based on the rating on the underlying bonds (CUSIP #: 451913AH0). The short-term component of the rating on the PUTTERs is based on the liquidity facility provided by JPMorgan Chase Bank N.A. USPF Criteria:
