Citigroup Global Markets Reset Option Certificates II-R series 12043, relating to the Illinois Educational Facilities Authority's revenue bonds, (Northwestern University) series 2003, are rated 'AA+/A-1+'. The long-term component of the rating is based on the 'AA+' rated underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citigroup Financial Products Inc. (not rated) and the guarantor is Citigroup Inc. ('A-1+'). Citigroup Global Markets Reset Option Long II-R series 12043, relating to the Illinois Educational Facilities Authority's revenue bonds, (Northwestern University) series 2003, are rated 'AA+'. The rating is based on the 'AA+' rated underlying bonds. The short-term component of the rating is based on a shortfall liquidity swap agreement where the swap counterparty is Citigroup Financial