Standard&Poor's Ratings Services assigned its 'AAA/A-1' and 'AAA' ratings to Citigroup Global Markets ROCs/ROLs II-R Trust's series 11950, relating to East Bay Municipal Utility District's (Alameda and Contra Costa Counties, Calif.) water system subordinated revenue/refunding bonds series 2007A. 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). The short-term component of the rating on the ROCs is based on a shortfall liquidity swap agreement, where the swap counterparty is Citibank N.A. Optionally tendered ROCs that are not remarketed will be purchased from the proceeds of the sale of a pro rata amount of bonds, and to the
