Standard&Poor's Ratings Services assigned its 'AA-/A-1' and 'AA-' ratings to Morgan Stanley&Co. LLC Trust's floater and residual certificates series 2001-766, respectively, relating to The Port Authority of New York&New Jersey's consolidated bonds series 128. The long-term component of the rating on the floater and residual certificates is based on the rating on the Assured Guaranty Municipal Corp.-insured underlying bonds (AA-). The short-term component of the rating on the floater certificates is based on the rating on Morgan Stanley Bank N.A. until Dec. 15, 2012. SEC Rule 17g-7 requires an NRSRO, for any report accompanying a credit rating relating to an asset-backed security as defined in the Rule, to include a description of the representations, warranties
