NEW YORK--(Business Wire)--
Fitch Ratings assigns J.P. Morgan Securities Inc.'s puttable tax-exempt
receipts, series 3606 (PUTTERs) a rating of 'AA-/F1+' and derivative inverse
tax-exempt receipts, series 3606 (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 California Health Facilities
Financing Authority, revenue bonds (Sutter Health), series 2007A, deposited in
the J.P. Morgan PUTTERs/DRIVERs Trust series 3606.
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'.
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND
METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF
CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE
AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF
CONDUCT' SECTION OF THIS SITE.
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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