The rating assigned to Structured Asset Trust Unit Repackagings (SATURNS) Altria Group Inc. Debenture Backed Series 2003-9's (the trust) class A and B units reflects the BBB/Watch Neg rating of the collateral held by the trust. The rating assigned to the interest-only class B units does not address whether investors will recoup their initial investment. The collateral consists of $51.555 million 7.75% debentures issued by Altria Group Inc. due Jan. 15, 2027 (the securities). The property of the trust will consist of the securities and all payments on or collections in respect of the securities accrued on or after the closing date. The property of the trust will be held by the trustee for the benefit of the holders of
