Standard&Poor's Ratings Services affirmed its 'AA+/A-1' and 'AA+' ratings on Citigroup Global Markets ROCs/ROLs II-R Trust's series 11650 reset option certificates (ROCs) and reset option longs (ROLs), respectively, relating to Tennessee Housing Development Agency's series 2007-3, 2007-4, 2011-1A, and 2014-1A homeownership program bonds. The affirmation reflects a deposit of additional bonds into the trust, resulting in an increase in the amount of ROCs. The long-term component of the ratings on the ROCs and ROLs is based on the 'AA+' rated underlying bonds. The short-term component of the rating on the ROCs is based on a liquidity facility provided by Citibank N.A. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed
