NEW YORK (Standard&Poor's) June 24, 2014--Standard&Poor's Ratings Services raised its long-term ratings on Merrill Lynch Puttable FLOATs/RITEs Trust (Series PT-1000)'s PT-2994A-B puttable floating-option tax-exempt receipts (FLOATs) and residual-interest tax-exempt securities (RITES) receipts related to Metropolitan Transportation Authority, N.Y.'s series 2005B (non-AMT) transportation revenue bonds to 'AAA/A-2' and 'AAA', respectively, from 'AA+/A-2' and 'AA+'. This action follows Standard&Poor's June 17, 2014, raising of its rating on the underlying bonds (please see the article, titled "Metropolitan Transportation Authority, New York," published June 18, 2014, on RatingsDirect). The long-term component of the ratings on the FLOATs and RITES is jointly based on, assuming a low correlation between, the rating on the underlying bonds and a guarantee from
