Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11180WF Ratings Raised To 'AA-', 'AA-/A-1', And 'AA-'; Custodial Receipts; Residual Certificates; Tender Option Certificates/Bonds

Standard&Poor's Ratings Services raised its ratings on Citigroup Global Markets ROCs/ROLs II-R Trust's series 11180WF reset option certificates (ROCs), reset option longs (ROLs), and custodial receipts, relating to District of Columbia's series 2007A general obligation bonds, to 'AA-/A-1', 'AA-', and 'AA-', respectively, from 'A+/A-1', 'A+', and 'A+', respectively. This action follows Standard&Poor's March 20, 2013, upgrade of its rating on the underlying bonds to 'AA-' from 'A+'. The long-term rating component on the ROCs and ROLs is based on the rating on the custodial receipts, which is based on the higher of the insurance, Wells Fargo, and the underlying bond (CUSIP #25476FBX5). The short-term rating component on the ROCs is based on a liquidity facility provided

...Standard & Poor's Ratings Services raised its ratings on Citigroup Global Markets ROCs/ROLs II-R Trust's series 11180WF reset option certificates (ROCs), reset option longs (ROLs), and custodial receipts, relating to District of Columbia's series 2007A general obligation bonds, to '##-/A-1', '##-', and '##-', respectively, from 'A+/A-1', 'A+', and 'A+', respectively. This action follows Standard & Poor's March 20, 2013, upgrade of its rating on the underlying bonds to '##-' from 'A+'. The long-term rating component on the ROCs and ROLs is based on the rating on the custodial receipts, which is based on the higher of the insurance, Wells Fargo, and the underlying bond (CUSIP #25476FBX5). The short-term rating component on the ROCs is based on a liquidity facility provided by Wells Fargo & Co....

Summary