Standard&Poor's Ratings Services affirmed its ratings on Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PT-1000 (various series) due to a substitution of the liquidity agreement provided by Merrill Lynch Capital Market Services (NR) (with a Merrill Lynch&Co. Inc. guarantee) (A-1+) with a liquidity agreement provided by Merrill Lynch International Bank (NR) (with a Merrill Lynch&Co. Inc. guarantee) (A-1+). A review of the respective standby purchase agreements and liquidity agreements, and other relevant documents, from which Standard&Poor's concludes that the amendment will not result in a reduction or withdrawal of the current ratings we have assigned to the captioned P-FLOATs.
