NEW YORK (Standard&Poor's) Feb. 27, 2014--Standard&Poor's Ratings Services has removed its 'AA+/A-2' and 'AA+' ratings on Merrill Lynch Puttable FLOATs/RITES Trust's series PT-2994 puttable floating option tax-exempt receipts (FLOATs) and residual interest tax-exempt securities receipts (RITES), relating to Metropolitan Transportation Authority, N.Y.'s series 2005B transportation revenue bonds, from CreditWatch, where they were placed with developing implications on Dec. 26, 2013. At the same time, Standard&Poor's affirmed the ratings. These actions follow Standard&Poor's Feb. 18, 2014, removal of its rating on the underlying bonds from CreditWatch with developing implications. (See, "Metropolitan Transportation Authority, NY Transportation Revenue Bond Rating Raised To 'A+' On New Criteria Application", published Feb. 18, 2014, on RatingsDirect.) The long-term
