Citigroup Global Markets Reset Option Certificates II-R Series 12103, relating to San Antonio, Texas electric and gas system revenue and refunding bonds, new series 2007, 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 Bayerische Landesbank (A-1). Citigroup Global Markets Reset Option Longs II-R Series 12103, relating to San Antonio, Texas electric and gas system revenue and refunding bonds, new series 2007, are rated 'AA'. The rating is based on the 'AA' rated underlying bonds.