Standard&Poor's Ratings Services raised its ratings on MACON Trust's series 2002A variable-rate and inverse-rate certificates, relating to Atlanta, Ga.'s series 2001A water and wastewater revenue bonds, by one notch to 'A+/A-1' and 'A+', respectively, from 'A/A-1' and 'A', respectively. This action follows Standard&Poor's Aug. 13, 2013, raising of its rating on the underlying bonds by one notch to 'A+' from 'A'. The long-term component of the rating on the variable-rate and inverse-rate certificates is based on the rating on the underlying bonds (CUSIP#: 047870CY4). The short-term component of the rating on the variable-rate certificates is based on a liquidity facility provided by Bank of America N.A. SEC Rule 17g-7 requires an NRSRO, for any report accompanying
