Standard&Poor's Ratings Services assigned its 'AA+/A-1' rating to, Merrill Lynch Puttable FLOATs/RITES Trust's puttable floating option tax-exempt receipts, series MT-713, relating to Pennsylvania Housing Finance Agency's single-family mortgage revenue bonds series 2006-96A. The long-term component of the rating is based on the 'AA+' rated, underlying bond. The short-term component of the rating is based on the liquidity facility provided by Bank of America N.A. The stated expiration date of the liquidity agreement is Aug. 15, 2012, unless extended or earlier terminated pursuant to its terms. Immediately upon the occurrence of any tender option termination event (TOTE), the liquidity agreement shall terminate without prior notice to the floater certificate holder. The following events constitute TOTEs: Act of bankruptcy by
