Standard&Poor's Ratings Services affirmed its 'AA-/A-1' and 'AA-' ratings on JPMorgan Securities PUTTERs&DRIVERs Trust's series 4011Z, relating to New York Liberty Development Corp.'s liberty revenue bonds (Port Authority of New York and New Jersey) series 1WTC-2011. This action follows the deposit of additional bonds into the trust. 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 a description of
