OREANDA-NEWS. Fitch Ratings assigns the following ratings to the Puttable Tax-Exempt Receipts (PUTTERs) and Derivative Inverse Tax-Exempt Receipts (DRIVERs) of the J.P. Morgan PUTTERs/DRIVERs Trust series listed below:

--PUTTERs, Series 5001 - 'AA/F1+', Stable Outlook; DRIVERs, Series 5001 -'AA', Stable Outlook.

KEY RATING DRIVERS

The long-term 'AA', Stable Outlook ratings assigned to the series 5001 PUTTERs and series 5001 DRIVERs are based on the ratings that Fitch has assigned to Harris County Cultural Education Facilities Finance Corporation Hospital Revenue Bonds (Texas Children's Hospital) Series 2015-3 (rated 'AA', Stable Outlook) that have been deposited in the series 5001 trust.

The short-term 'F1+' rating assigned to the series 5001 PUTTERs is based on the tender option provided by J.P. Morgan Securities LLC (rated 'AA-/F1+', Stable Outlook) as tender option provider. The 'F1+' rating assigned to the PUTTERs will expire on June 18, 2016, the scheduled expiration date of the obligations of tender option provider to make payments upon optional and mandatory tender, unless such date is extended or earlier terminated.

RATING SENSITIVITIES
The short-term rating assigned to the PUTTERs reflects the short-term rating that Fitch maintains on the tender option provider and will be adjusted upward or downward in conjunction with the short-term rating of the tender option provider, and, in some cases, the long-term rating of the underlying bonds deposited in the trust. The long-term ratings assigned to the PUTTERs and DRIVERs are exclusively tied to the creditworthiness of the underlying bonds deposited in the trust and will reflect all changes to that rating.