The rating on Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PT-2781, relating to Colorado Water Resource and Power Development Authority wastewater revolving fund refunding revenue bonds, 2005 series A-2, has been affirmed following an amendment to the trust documents. The long-term component of the rating is based on the underlying bond. The short-term component of the rating is based on a liquidity guarantee from Dexia Credit Local. The rating on Merrill Lynch Puttable FLOATs/RITES Trust residual interest tax-exempt receipts series PT-2781, relating to Colorado Water Resource and Power Development Authority wastewater revolving fund refunding revenue bonds, 2005 series A-2, has been affirmed following an amendment to the trust documents. The long-term rating is based on the