Standard&Poor's Ratings Services raised its rating on Connecticut Health&Educational Facilities Authority's (Forman School) variable-rate demand bonds series 1993A to 'A/A-1' from 'A-/A-2'. This action follows Standard Poor's Nov. 29, 2011, upgrade of its rating on RBS Citizens N.A. to 'A/A-1' from 'A-/A-2' (please see "Standard&Poor's Applies Its Revised Bank Criteria To 37 Of The Largest Rated Banks And Certain Subsidiaries," published Nov. 29, 2011, on RatingsDirect on the Global Credit Portal). The long-term and short-term components of the rating are based on a letter of credit facility provided by RBS Citizens N.A., with an expiration date of July 31, 2014. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009
