Standard&Poor's Ratings Services placed its rating on Wachovia MERLOTS' municipal exempt receipts liquidity optional tender series 2001A106, relating to Georgia Housing&Finance Authority's single-family mortgage bonds series 2001, on CreditWatch with negative implications. This action follows Standard&Poor's Aug. 8, 2011, placement of its rating on the underlying bonds on CreditWatch with negative implications. The long-term component of the rating is based on the rating on the underlying bonds (CUSIP #: 3735384K0). The short-term component of the rating is based on the liquidity facility provided by Wells Fargo Bank N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007
