Standard&Poor's Ratings Services assigned its 'AA+/A-1+' to Eagle Tax-Exempt Trust's J series 20060031, class A certificates of participation, relating to the California Educational Facilities Authority revenue bonds (University of Southern California), series 2003A. The long-term component of the rating is based on the 'AA+' rated underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citibank N.A. until Feb. 1, 2007.