The Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PA-1107, relating to Pennsylvania Housing Finance Agency single-family mortgage revenue bonds series 2002-75B, is rated 'AA+/A-1'. The long-term component of the rating is based on the underlying bond. The short-term component of the rating is based on a liquidity guarantee from Merrill Lynch&Co. Inc., and the expiration date of the liquidity facility is Dec. 15, 2003.