DBRS Discontinues Ratings of Various JPMorgan Chase & Co. Trust Preferred Securities

DBRS, Inc. (DBRS) has today discontinued the ratings of the following Trust Preferred Securities: JPMorgan Chase Capital XV, JPMorgan Chase Capital XVII, JPMorgan Chase Capital XVIII, JPMorgan Chase Capital XX, and JPMorgan Chase Capital XXII. The Notes were redeemed on July 12, 2012.

JPMorgan Chase and Company’s ratings, including its Issuer & Senior Debt rating of A (high) and JPMorgan Chase Bank, N.A.’s Deposits & Senior Debt rating of AA (low) all with Stable trends, are unaffected by today’s action.

Notes:
All figures are in U.S. Dollars unless otherwise noted.

The principal applicable methodology is the Global Methodology for Rating Banks and Banking Organizations. Other methodologies used include the DBRS Criteria – Intrinsic and Support Assessments. Both can be found on the DBRS website under Methodologies.

The sources of information used for this rating include the company documents, the Federal Reserve, the Federal Deposit Insurance Corporation and SNL Financial. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: William Schwartz
Approver: Roger Lister
Initial Rating Date: 22 June 2001
Most Recent Rating Update: 15 May 2012

For additional information on this rating, please refer to the linking document under Related Research.