Standard&Poor's Ratings Services placed its rating on Wachovia MERLOTS' series 2001A39, relating to North Carolina Medical Care Commission's (GNMA Collateralized - Providence Place Retirement Community Nursing Home Project) healthcare facility revenue bonds series 2001A, on CreditWatch with negative implications. This action follows Standard&Poor's July 15, 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 #: 657902XA5). The short-term component is based on the liquidity facility provided by Wells Fargo Bank N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007
