Standard&Poor's Ratings Services affirmed its 'AA+/A-1' and 'AA+' ratings on Merrill Lynch Puttable FLOATs/RITES Trust, puttable floating option tax-exempt receipts, series PA-1424R, relating to Wyoming Community Development Authority's housing revenue bonds, 2006 series 8. The affirmation reflects a substitution of the liquidity agreement provided by Merrill Lynch Capital Services (not rated) and a liquidity guarantee from Merrill Lynch&Co. Inc. (A-1) with a liquidity agreement provided by Bank of America (A-1). The long-term component of the rating is based on the (AA+) underlying bond. Effective Oct. 6, 2011, the short-term component of the rating is based on a liquidity facility from Bank of America (A-1). The expiration date of the liquidity facility is Jan. 15, 2012. USPF
