Fitch Ratings assigns a rating of ‘AA/F1+’ to the Citigroup Trust II-R series 11754 reset option certificates (ROCs) and a rating of ‘AA’ to the series 11754 reset option longs (ROLs).
The long-term ‘AA’ rating is based on the rating that Fitch has assigned to the Community Development Administration, Maryland Department of Housing and Community Development, residential revenue bonds, series 2007H, deposited into the Trust.
The short-term ‘F1+’ rating is based on the shortfall liquidity agreement provided by Citibank, N.A. The short-term rating will expire on 15 March 2010, the expiration date of the shortfall liquidity agreement, unless such date is extended or earlier terminated.
L.D.