Summary: District of Columbia

Standard&Poor's Ratings Services assigned its 'AAA/A-1+' and 'AAA' ratings to the RBC Municipal Funding Program's series I-5 Floater and Residual Certificates, respectively. The long-term component of the ratings is based on the 'AAA' rated, FGIC-insured District of Columbia's series 2006B-1 ballpark revenue bonds. The short-term component of the Floater Certificate rating is based on a liquidity facility provided by Royal Bank of Canada scheduled to expire on Aug. 15, 2007. The Floater Certificates will evidence beneficial interests of and the right to receive certain future payment of principal, interest, and premium, if any, on an undivided interest in all maturities of the bonds deposited in the trust, and will have the right to receive the principal amount of

...Standard & Poor's Ratings Services assigned its '###/A-1+' and '###' ratings to the RBC Municipal Funding Program's series I-5 Floater and Residual Certificates, respectively. The long-term component of the ratings is based on the '###' rated, FGIC-insured District of Columbia's series 2006B-1 ballpark revenue bonds. The short-term component of the Floater Certificate rating is based on a liquidity facility provided by Royal Bank of Canada scheduled to expire on Aug. 15, 2007. The Floater Certificates will evidence beneficial interests of and the right to receive certain future payment of principal, interest, and premium, if any, on an undivided interest in all maturities of the bonds deposited in the trust, and will have the right to receive the principal amount of the Floater Certificates plus accrued interest thereon (the "purchase price") from amounts available under the liquidity facility, that is in the form of a liquidity agreement. The Floater Certificates can bear interest in the...

Summary