Standard&Poor's Rating Services has assigned its 'AAA/A-1' and 'AAA' ratings to JPMorgan Securities PUTTERs&DRIVERs Trust's series 4276, relating to New York Dormitory Authority's state personal income tax revenue refunding bonds (general purpose) series 2012A. The long-term component of the rating on the PUTTERs and DRIVERs is based on the rating on the underlying asset (AAA). The short-term component of the rating on the PUTTERs is based on the rating on 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 the representations, warranties and enforcement mechanisms available to investors and a description of how
