...S&P Global Ratings raised the above-mentioned ratings on the puttable and inverse receipts and assigned the above-mentioned rating to the custody receipts (collectively the receipts), reflecting its opinion of the likelihood the trust, as custody receipt holder, will have sufficient assets to pay timely interest and full principal when due on the puttable receipts. Trust assets include all distributions of principal; interest; and premiums, if any, from the custody receipts and liquidity facility, which is in place to support tender payments on puttable receipts. Following the addition of credit enhancement to the existing trust, the long-term rating on the custody receipts jointly reflects, assuming low correlation, the ratings on the underlying securities and credit-enhancement provider. The long-term component of our rating on the puttable receipts reflects the ratings on the custody receipts and addresses full and timely interest-and-principal payments when receipt holders have not...
