The long-term component of the rating on Roaring Fork Municipal Products LLC class A certificates series 2006-10 is based on the 'AAA' rated, AMBAC-insured Michigan Higher Education Student Loan Authority student loan revenue bonds series XVII-Q. The short-term component of the rating is based on a liquidity facility provided by Bank of New York scheduled to expire on July 16, 2007. The long-term rating on the class B certificates of series 2006-10 is based on the 'AAA' rated, AMBAC-insured Michigan Higher Education Student Loan Authority student loan revenue bonds series XVII-Q. The stable outlook is based on the insurance provider.
