Standard&Poor's Ratings Services affirmed its 'AA/A-1' rating on Merrill Lynch Puttable FLOATs/RITES Trust, N.Y.'s series MT-639 puttable floating option tax-exempt receipts, relating to New Jersey Higher Education Student Assistance Authority's series 2010-1 student loan revenue refunding Bonds. The affirmation reflects the deposit of additional bonds into the trust. The long-term component of the rating is based on the unenhanced rating on the underlying bonds ('AA'). The short-term component of the rating is based on a liquidity facility provided by Merrill Lynch International Bank (guaranteed by Merrill Lynch&Co.), scheduled to expire on Jan. 15, 2012. Standard&Poor's rating does not address the likelihood that certificate holders will receive full and timely payment of bond premiums or
