Standard&Poor's Ratings Services assigned its 'AA-/A-1' and 'AA-' ratings to Citigroup Global Markets ROCs/ROLs II-R Trust's series 517X, relating to the city of Atlanta, Ga.'s airport passenger facility charge and subordinate-lien general revenue bonds series 2004C. The long-term component of the rating on the ROCs and ROLs is based on the rating on the Assured Guaranty Municipal Corp.-insured 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
