NEW YORK (Standard&Poor's) Oct. 10, 2003--Standard&Poor's Ratings Services raised its ratings on Salomon Smith Barney $10.7 million Reset Option Certificates II-R Trust Series 1040 and $5,000 Reset Option Longs II-R Trust Series 1040, relating to Orlando Utilities Commission water and electric revenue refunding bonds series 2002C, to 'AA/A-1+' and 'AA' from 'AA-/A-1+' and 'AA-', respectively, following the raising of the rating on the underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Salomon Smith Barney Holdings Inc. until Nov. 13, 2003. Complete ratings information is available to subscribers of RatingsDirect, Standard&Poor's Web-based credit analysis system, at www.ratingsdirect.com. All ratings affected by this rating action can be found
