Standard&Poor's Ratings Services assigned its 'AA/A-1' and 'AA' ratings to JPMorgan Securities PUTTERs&DRIVERs Trust's series 4089, relating to New York State Thruway Authority's (New York State) general highway and bridge trust fund bonds series 2012A. The long-term component of the rating on the PUTTERs and DRIVERs is based on the rating on the underlying asset (AA). The short-term component of the rating is based on the rating on JPMorgan Chase&Co. until April 4, 2013. 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 the representations, warranties and enforcement mechanisms available to investors and a description
