Moody's Assigns Aa3 to LOC Backed Custodial Receipts Series 5014
New York, December 22, 2016-- Moody's Investors Service has assigned the rating of Aa3 to J.P. Morgan Securities LLC Custodial Receipts, Series 5014 evidencing beneficial ownership of Southwestern Illinois Development Authority Health Facility Revenue Bonds Series 2016. The ratings are based upon a letter of credit provided by JPMorgan Chase Bank, N.A.; the structure and legal protections of the transaction, which provide for timely payment of debt service and purchase price...
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