Merrill Lynch Puttable FLOATs/RITES Trust puttable floating option tax-exempt receipts series PT-2135, relating to Williamson County unlimited tax road and refunding bonds series 2004, are rated 'AAA/A-1'. The long-term component of the rating is based on the MBIA-insured underlying bond. The short-term component of the rating is based on a liquidity guarantee from Merrill Lynch&Co. Inc., and the expiration date of the liquidity facility is March 15, 2005. Merrill Lynch Puttable FLOATs/RITES Trust residual interest tax-exempt securities receipts series PT-2135, relating to Williamson County unlimited tax road and refunding bonds series 2004, are rated 'AAA'. The long-term component of the rating is based on the MBIA-insured underlying bond. Complete ratings information is available to subscribers of RatingsDirect, Standard
