Standard&Poor's Ratings Services affirmed its 'AA+/A-1' rating on the Citigroup Global Markets Reset Option Certificates II-R Trust, Series 11650, relating to Tennessee Housing Development Agency homeownership program bonds issue 2011-1A (AMT). The affirmation reflects the secondary deposit of additional bonds resulting in an increase in the amount of reset option certificates. The long-term component of the rating is based on the underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citibank N.A. Standard&Poor's affirmed its 'AA+' rating on Citigroup Global Markets Reset Option Longs II-R Trust, Series 11650, relating to Tennessee Housing Development Agency homeownership program bonds issue 2011-1A (AMT). The affirmation reflects the secondary deposit of additional bonds
