Fitch Rates J.P. Morgan Securities Inc. PUTTERs & DRIVERs, Series 3608

NEW YORK--(Business Wire)--
Fitch Ratings assigns J.P. Morgan Securities Inc.'s puttable tax-exempt
receipts, series 3608 (PUTTERs) a rating of 'AA/F1+' and derivative inverse
tax-exempt receipts, series 3608 (DRIVERs) a rating of 'AA'.

The long-term rating assigned to the PUTTERs and DRIVERs is based on the
long-term 'AA' rating assigned by Fitch to the Washington Healthcare Facilities
Authority, revenue bonds, series 2009 (PeaceHealth), deposited in the J.P.
Morgan PUTTERs/DRIVERs Trust series 3608.

The short-term 'F1+' rating assigned to the PUTTERs is based on the liquidity
facility provided by JPMorgan Chase Bank, N.A. The 'F1+' rating will expire on
Nov. 11, 2010, the expiration date of the liquidity facility, unless such date
is extended or earlier terminated.

Additional information is available at 'www.fitchratings.com'.

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Fitch Ratings, New York
Mary Jane Ziga, +1-212-908-0529
Media Relations
Cindy Stoller, +1-212-908-0526
cindy.stoller@fitchratings.com

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