Standard&Poor's Ratings Services raised its ratings on Citigroup Global Markets ROCs/ROLs II-R Trust Series 11650, relating to Tennessee Housing Development Agency homeownership program bonds issue 2007-2, to 'AA+/A-1' and 'AA+' from 'AA/A-1' and 'AA', respectively. This action follows Standard&Poor's upgrade of the underlying bond to 'AA+' from 'AA'. USPF Criteria: "Secondary Market Derivative Products," June 27, 2007