Morgan Keegan Municipal Products Inc., variable rate trust's residual rate series 2007F, relating to the Tennessee Housing Development Agency's single family mortgage notes series 2007 CN-1 are rated 'SP-1'+. The 'SP-1+' rating is based on the Tennessee Housing Development Agency's single family mortgage notes The rating on the receipts will change with the debt rating on the underlying securities. In addition, the rating does not address the likelihood that a Standard&Poor's Ratings Services rating on the underlying securities or the receipts could fall to below investment grade or how quickly such an event might occur.
