Standard&Poor's Ratings Services lowered its ratings on four RBC Municipal Products Inc. issues to 'AA-' and 'AA-/A-1+' from 'AA' and 'AA/A-1+', respectively, and subsequently removed them from CreditWatch with negative implications. This action follows Standard&Poor's downgrade of the underlying bonds to 'AA-' from 'AA' and subsequent removal of the ratings on the bonds from CreditWatch with negative implications. USPF Criteria: "Secondary Market Derivative Products," June 27, 2007