Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PT-2455, relating to District of Columbia (Washington, D.C.) general obligation bonds series 2004A, are rated 'AAA/A-1'. The long-term component of the rating is based on the FSA-insured underlying bond. The short-term component of the rating is based on a liquidity guarantee from Merrill Lynch&Co. Inc., and the expiration date of the liquidity facility is Dec. 15, 2005. Merrill Lynch Puttable FLOATs/RITES Trust residual interest tax-exempt securities receipts series PT-2455, relating to District of Columbia (Washington, D.C.) general obligation bonds series 2004A, are rated 'AAA'. The long-term component of the rating is based on the FSA-insured underlying bond.
