Standard&Poor's Ratings Services assigned its 'AA/A=1' and 'AA' ratings to Morgan Stanley&Co. LLC Trust's floater and residual certificates, respectively, series 2008-3300, relating to Los Angeles, Calif.'s wastewater system subordinate revenue refunding 5.00% bonds series 2012-B due June 1, 2032. The long-term component of the rating on the floater and residual certificates is based on the rating on the underlying bond (AA). The short-term component of the rating on the floater certificates is based on the rating on Credit Suisse AG until Oct. 15, 2013. 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 and enforcement mechanisms available
