GS Muni Prod LLC Tender Option Certificates Series 2004-E, relating to Colorado Springs, Colo. utility system subordinate lien improvement bonds series 2004B, are rated 'AA/A-1'. The long-term component of the rating is based on the underlying bond. The short-term component of the rating is based on a guarantee provided by The Goldman Sachs Group Inc. and a liquidity facility provided by Special Situations Investing Group Inc. until Oct. 20, 2005. GS Muni Prod LLC Trust Inverse Certificates Series 2004-E, relating to Colorado Springs, Colo. utility system subordinate-lien improvement bonds series 2004B, are rated 'AA'. The rating is based on the underlying bond. Complete ratings information is available to subscribers of RatingsDirect, Standard&Poor's Web-based credit analysis system, at www.ratingsdirect.com.
