Standard&Poor's Ratings Services assigned its 'AA+/A-1' and 'AA+' ratings to Deutsche Bank Securities Inc. Receipts' short puttable exempt adjustable receipts (SPEARS) and long inverse floating exempt receipts (LIFERS), respectively, series DB-1022X, relating to New York State Dormitory Authority's mental health services facilities improvement revenue bonds series 2008C. The long-term component of the rating is based on the rating on the underlying bonds (AA). The short-term component of the rating is based on the liquidity facility provided by Deutsche Bank AG, scheduled to expire on Oct. 15, 2012. 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 of the representations, warranties and
