The long-term component of the rating assigned to Roaring Fork Municipal Products LLC's class A certificates, series 2006-8, is based on the 'AAA' rated, FSA-insured Michigan State Housing Development Authority's rental housing revenue bonds, 2006 series D. The short-term component of the rating is based on a liquidity facility provided by Bank of New York scheduled to expire on July 9, 2007. The long-term rating on the class B certificates of series 2006-8 is also based on the 'AAA' rated, FSA-insured Michigan State Housing Development Authority's 2006 series D bonds. The stable outlook is based on the insurance provider.
