Standard&Poor's Ratings Services affirmed its 'AA+/A-1'and 'AA+' ratings on Citigroup Global Markets ROCs/ROLs II-R Trust's series 11650, relating to Tennessee Housing Development Agency's homeownership program bonds series 2011-1A (amt). The affirmation reflects the deposit of additional bonds resulting in an increase in the amount of reset option certificates and reset option longs. The long-term component of the rating on the ROCs and ROLs is based on the rating on the underlying bonds. The short-term component of the rating on the ROCs is based on a liquidity facility provided by Citibank N.A. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description
