Standard&Poor's Ratings Services assigned its 'AAA/A-1' and 'AAA' ratings to Deutsche Bank Securities Inc. Receipts' series DB-1158 short puttable exempt adjustable receipts (SPEARs) and long inverse floating exempt receipts (LIFERs), respectively, relating to Georgia Housing and Finance Authority's single-family mortgage bonds 2013, series A. The long-term rating component on the SPEARs and LIFERs is based on the rating on the underlying bonds. The short-term rating component on the SPEARS is based on a liquidity facility provided by Deutsche Bank AG that is scheduled to expire on Feb. 15, 2014. 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
