Standard&Poor's Ratings Services affirmed its 'AA-/A-1' and 'AA-' ratings on Deutsche Bank Securities Inc.'s series DB-1190 short puttable exempt adjustable receipts (SPEARs) and long inverse floating exempt receipts (LIFERs), respectively, relating to the New York Liberty Development Corp.'s series 1 WTC-2011 term bonds (Port Authority of New York&New Jersey). This action follows the deposit of additional bonds into the trust. The long-term component of the SPEARs and LIFERs ratings is based on the rating on the underlying bonds (AA-; CUSIP 649519BU8). The short-term component of the SPEARs rating is based on a liquidity facility provided by Deutsche Bank AG (A-1). SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an
