Standard&Poor's Ratings Services assigned its 'AAA/A-1+' and 'AAA' ratings to UBS Securities LLC custodial residual and variable securities (CRVS) series 2006-1014. The long-term component of the rating is based on the 'AAA' rated, FGIC-insured Philadelphia Authority for Industrial Development revenue bonds (cultural and commercial corridors program) series 2006A. The short-term component of the rating is based on a standby purchase agreement provided by Bank of New York (A-1+) that is scheduled to expire on Nov. 15, 2007. The floater CRVS holders' ability to receive the purchase price from the liquidity provider may terminate without notice under certain conditions set forth in the documents. The short-term portion of the rating does not apply to any residual CRVS. The stable
