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Fitch Rates J.P. Morgan Securities Inc. PUTTERs & DRIVERs, Series 3614

Posted on: Wed, 25 Nov 2009 10:37:00 EST

Symbols: JPM

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NEW YORK, Nov 25, 2009 (BUSINESS WIRE) --
JPM | Quote | Chart | News | PowerRating -- Fitch Ratings has assigned a rating of 'AA/F1+' to the puttable
tax-exempt receipts, series 3614 (PUTTERs) and a rating of 'AA' to the
derivative inverse tax-exempt receipts, series 3614 (DRIVERs). The
long-term rating assigned to the PUTTERs and DRIVERs is based on the
long-term 'AA' rating assigned by Fitch to the Washington Health Care
Facilities Authority, revenue bonds, series 2009 (Seattle Children's
Hospital), deposited in the J.P. Morgan PUTTERs/DRIVERs Trust series
3614.

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. 24, 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.

SOURCE: Fitch Ratings


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

For full details on JPMorgan Chase and Co. (JPM) JPM. JPMorgan Chase and Co. (JPM) has Short Term PowerRatings at TradingMarkets. Details on JPMorgan Chase and Co. (JPM) Short Term PowerRatings is available at This Link.

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