Standard&Poor's Ratings Services assigned its 'AA-/A-1' and 'AA-' ratings to Citigroup Global Markets ROCs/ROLs II-R Trust's series 14007, relating to New York State Dormitory Authority's third general resolution reserve bonds (state university educational facilities issue) series 2012A. The long-term component of the rating on the ROCs and ROLs is based on the rating on the underlying bonds (AA-). The short-term component of the rating on the ROCs 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
