Standard&Poor's Ratings Services affirmed its 'AAA/A-1' and 'AAA' ratings on JPMorgan Securities PUTTERs&DRIVERs Trust's series 2887 puttable tax-exempt and derivative inverse tax-exempt receipts, respectively, relating to New York State Urban Development Corp.'s (New York State) series 2007B state personal income tax revenue bonds (state facilities and equipment). The affirmation reflects our view of an extension of the designated termination date for the PUTTERs&DRIVERs to Sept. 16, 2016. The long-term component of the ratings on the PUTTERs&DRIVERs is based on the 'AAA' rated underlying asset. The short-term component of the rating on the PUTTERs is based on a liquidity facility provided by JPMorgan Chase Bank N.A. SEC Rule 17g-7 requires an NRSRO, for
