Citigroup Global Markets Reset Option Certificates II-R, series 11288, relating to East Bay Municipal Utility District (Alameda and Contra Costa counties, Calif.), water system subordinated revenue bonds, series 2007A, are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated, FGIC-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citibank N.A. ('A-1+'). Citigroup Global Markets Reset Option Longs II-R, series 11288, relating to East Bay Municipal Utility District (Alameda and Contra Costa counties, Calif.), water system subordinated revenue bonds, series 2007A, are rated 'AAA'. The rating is based on the 'AAA' rated FGIC-insured underlying bonds. The short-term component of the rating is based on a shortfall liquidity swap
