Standard&Poor's Ratings Services assigned its 'AA+/A-1+' to Macon Trust, Calif.'s variable rate certificates, series 2005D, relating to the Illinois Educational Facilities Authority's revenue bonds, Northwestern University, series 2003. The long-term component of the rating was based on the 'AA+' rated underlying bond, issued by the Illinois Educational Facilities Authority. The short-term component of the rating was based on the liquidity facility provided by Bank of America, National Association until July 20, 2006. The inverse rate certificates was rated 'AA+', and was based on the 'AA+' rated underlying bond issued by the Illinois Educational Facilities Authority.