Standard&Poor's Ratings Services assigned its 'AAA/A-1' and 'AA' ratings to Citigroup Global Markets ROCs/ROLs II-R Trust's series 11926, relating to East Bay Municipal Utility District's (Alameda&Contra Costa Counties, Calif.) water system subordinated revenue/refunding bonds series 2010A. The long-term component of the rating is based on the underlying bonds (AAA). The short-term component of the rating is based on a liquidity facility provided by Citibank N.A. (A-1). Optionally tendered ROCs that are not remarketed will be purchased from the proceeds of the sale of a pro rata amount of the bonds, and to the extent such proceeds are insufficient to pay the tendered price, the tender agent shall draw upon the shortfall liquidity swap agreement. Upon certain
