Standard&Poor's Ratings Services affirmed its 'AA/A-1' and 'AA' ratings on Deutsche Bank Securities Inc.'s series DB-1274 short puttable exempt adjustable receipts (SPEARs) and long inverse floating exempt receipts (LIFERs), respectively, relating to Seattle's series 2013 municipal light and power improvement and refunding revenue bonds. The affirmation reflects a deposit of additional bonds into the trust. The long-term component of the ratings on the SPEARs and LIFERs is based on the 'AA' rated underlying asset. The short-term component of the rating on the SPEARs is based on a liquidity facility provided by Deutsche Bank AG. 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
