Citigroup Global Markets Reset Option Certificates II-R Series 12112, relating to East Bay Municipal Utility District (Alameda and Contra Costa counties, Calif.) water system subordinated revenue bonds series 2005 A, are rated 'AAA/A-1'. The long-term component of the rating is based on the 'AAA' rated, MBIA-insured 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 12112, relating to East Bay Municipal Utility District (Alameda and Contra Costa counties, Calif.) water system subordinated revenue bonds series 2005 A, are rated 'AAA'. The rating is based on the 'AAA' rated, MBIA-insured underlying bonds. The stable outlook is based on the insurance provider.