Summary: Northwestern Univ, IL

Citigroup Global Markets Reset Option Certificates II-R Trust Series 4543, relating to Illinois Educational Facilities Authority revenue bonds, Northwestern University, series 2003, are rated 'AA+/A-1+'. The long-term component of the rating is based on the underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citigroup Global Markets Holdings Inc. until Nov. 23, 2004. Citigroup Global Markets Reset Option Longs II-R Trust Series 4543, relating to Illinois Educational Facilities Authority revenue bonds, Northwestern University, series 2003, are rated 'AA+'. The rating is based on the underlying bonds. Complete ratings information is available to subscribers of RatingsDirect, Standard&Poor's Web-based credit analysis system, at www.ratingsdirect.com. All ratings affected by this rating action can be

...Citigroup Global Markets Reset Option Certificates II-R Trust Series 4543, relating to Illinois Educational Facilities Authority revenue bonds, Northwestern University, series 2003, are rated '##+/A-1+'. The long-term component of the rating is based on the underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citigroup Global Markets Holdings Inc. until Nov. 23, 2004. Citigroup Global Markets Reset Option Longs II-R Trust Series 4543, relating to Illinois Educational Facilities Authority revenue bonds, Northwestern University, series 2003, are rated '##+'. The rating is based on the underlying bonds. Complete ratings information is available to subscribers of RatingsDirect, Standard & Poor's Web-based credit analysis system, at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; under Credit Ratings in the left navigation bar, select Credit Ratings...

Summary