Eagle Tax-Exempt Trust Series 20070072 class A certificate of participation, relating to East Bay Municipal Utility District (Alameda and Contra Costa counties, Calif.) wastewater system subordinated revenue/refunding bonds series 2007A, are rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated, AMBAC-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Banco Bilbao Vizcaya Argentaria S.A. until June 2, 2008. The stable outlook is based on the insurance provider.