The rating on Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series MT-046, relating to Louisiana Public Facility Authority FHA-insured mortgage revenue bonds (Baton Rouge General Medical Center project) series 2004, has been affirmed following an amendment to the trust documents. The long-term component of the rating is based on the MBIA-insured underlying bonds. The short-term component of the rating is based on a liquidity letter of credit guarantee from Landesbank Hessen-Thuringen Girozentrale, and the expiration date of the liquidity facility is June 15, 2007. The stable outlook is based on the outlook of the bond insurer.
