Summary: JPMorgan Securities PUTTERs&DRIVERs Trust Series 2959; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research

Summary: JPMorgan Securities PUTTERs&DRIVERs Trust Series 2959; Residual Certificates; Tender Option Certificates/Bonds

Summary: JPMorgan Securities PUTTERs&DRIVERs Trust Series 2959; Residual Certificates; Tender Option Certificates/Bonds - S&P Global Ratings’ Credit Research
Summary: JPMorgan Securities PUTTERs&DRIVERs Trust Series 2959; Residual Certificates; Tender Option Certificates/Bonds
Published Aug 03, 2012
1051 words — Published Aug 03, 2012
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Abstract:

Standard&Poor's Ratings Services affirmed its 'AA+/A-1' and 'AA+' ratings on JPMorgan Securities PUTTERs&DRIVERs Trust's series 2959, relating to Alabama Special Care Facilities Finance Authority of Birmingham's (Ascension Health Alliance) hospital revenue bonds series 2006C1-2. This action follows an amendment to the trust document: the designated termination date has been extended. The long-term component of the rating on the PUTTERs and DRIVERs is based on the rating on the underlying bonds. 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 any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include

  
Brief Excerpt:

RESEARCH Summary: JPMorgan Securities PUTTERs & DRIVERs Trust Series 2959; Residual Certificates; Tender Option Certificates/Bonds Publication date: 03-Aug-2012 Primary Credit Analyst: Santos Souffront, New York (1) 212-438-2197;...

  
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MLA:
S&P Global Ratings’ Credit Research. "Summary: JPMorgan Securities PUTTERs&DRIVERs Trust Series 2959; Residual Certificates; Tender Option Certificates/Bonds" Aug 03, 2012. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-JPMorgan-Securities-PUTTERs-DRIVERs-Trust-Series-2959-Residual-Certificates-Tender-Option-Certificates-Bonds-997905>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: JPMorgan Securities PUTTERs&DRIVERs Trust Series 2959; Residual Certificates; Tender Option Certificates/Bonds Aug 03, 2012. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-JPMorgan-Securities-PUTTERs-DRIVERs-Trust-Series-2959-Residual-Certificates-Tender-Option-Certificates-Bonds-997905>
  
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