Societe Generale Municipal Securities Trust Receipts, series 2007 SGC 11 relating to Sacramento County Sanitation District Financing Authority, refunding revenue bonds, series 2007 (Sacramento Regional County Sanitation District) is rated 'AAA/A-1+'. The long-term component of the rating is based on the FGIC-insured underlying bond. The short-term component of the rating is based on a liquidity facility provided by Societe Generale until Sept. 1, 2008. The stable outlook is based on the outlook on the rating on the insurance provider.