Eagle Tax-Exempt Trust Series 720050035 class A certificates of participation, relating to Philadelphia, Pa. water and wastewater revenue bonds series 2005A, are rated 'AAA/A-1+'. The long-term component of the rating is based on the FSA-insured underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citibank N.A. until May 1, 2006. The stable outlook reflects the outlook of the bond insurer.