NEW YORK (Standard&Poor's) Feb. 27, 2014--Standard&Poor's Ratings Services has lowered its ratings on Deutsche Bank Securities Inc. Receipts' series DBE-458 short puttable exempt adjustable receipts (SPEARs), long inverse floating exempt receipts (LIFERs), and custodial receipts, relating to Palomar Pomerado Health District, Calif.'s series 2007A (election of 2004) general obligation bonds, to 'AA+/A-1', 'AA+', and 'AA+', respectively, from 'AAA/A-1', 'AAA', and 'AAA', respectively. This action follows Standard&Poor's Feb. 10, 2014, lowering of its rating on the underlying bonds by three notches to 'BBB+' from 'A+'. (See, "North San Diego County Health Facilities Financing Authority, California Palomar Pomerado Health District; General Obligation", published Feb. 10, 2014, on RatingsDirect.) The long-term component of the ratings on the
