Standard&Poor's Ratings Services affirmed the long-term component of its rating on Societe Generale Municipal Securities Trust Receipts Series 2000 SG 135 relating to Seattle, Wash. drainage and wastewater revenue bonds. This action reflects Standard&Poor's affirmation of its 'AAA' rating on the underlying bonds reflecting the investment of the escrow fund in noncallable U.S. government obligations. The outlook is not meaningful. In the future, the long-term component of the rating of the trust should track the prerefunded rating regardless of any changes to the rating of the bond insurer that provides an insurance policy for the underlying bonds. The long-term component of the rating is based on the underlying bonds, and the short-term component of the rating is based on a liquidity
