NEWS

Front Page Top Stories Breaking News World Politics Business Health Food & Wine Women Women in Business Opinion Letters to the Editor High Tech Sports Horoscope Entertainment Entertainment Goss Music Features Books Poetry Movie Reviews Personal Development Home & Garden Industry States UFOs Environment Education SupportOurTroops Middle East South Asia Cartoons NewsBlaze Blog Most Read

WIRES

News Wires

OTHER

About Us Contact Us Writers Editors Link to Us Advertise Sitemap

Fitch Withdraws Ratings on Various Merrill Lynch, Pierce, Fenner & Smith, Inc. Bonds

NEW YORK - (BUSINESS WIRE) - Fitch Ratings withdraws the 'A+/F1+' rating assigned to the following Merrill Lynch, Pierce, Fenner & Smith, Inc. (NY) bonds:

--Puttable floating option tax-exempts receipts series PT-2266;

--Puttable floating option receipts series PT-2595;

--Puttable floating option receipts series PT-2802;

--Puttable floating option tax-exempts receipts series PT-2831;

--Puttable floating option receipts series PT-2877;

--Puttable floating option receipts series PT-2931;

--Puttable floating option receipts series PT-2994;

--Puttable floating option receipts series PT-3010;

--Puttable floating option tax-exempts receipts series PT-3189;

--Puttable floating option tax-exempts receipts series PT-3326;

--Puttable floating option tax-exempts receipts series PT-3338;

--Puttable floating option tax-exempts receipts series PT-3356;

--Puttable floating option tax-exempts receipts series PT-3490;

--Puttable floating option tax-exempts receipts series PT-3514;

--Puttable floating option tax-exempts receipts series PT-3532;

--Puttable floating option tax-exempts receipts series PT-3550;

--Puttable floating option tax-exempts receipts series PT-3569;

--Puttable floating option tax-exempts receipts series PT-3575;

--Puttable floating option tax-exempts receipts series PT-3584;

--Puttable floating option tax-exempts receipts series PT-3602;

--Puttable floating option tax-exempts receipts series PT-3610;

--Puttable floating option tax-exempts receipts series PT-3612;

--Puttable floating option tax-exempts receipts series PT-3620;

--Puttable floating option tax-exempts receipts series PT-3623;

--Puttable floating option tax-exempts receipts series PT-3624;

--Puttable floating option tax-exempts receipts series PT-3701;

--Puttable floating option tax-exempts receipts series PT-3895;

--Puttable floating option tax-exempts receipts series PT-3931;

--Puttable floating option tax-exempts receipts series PT-3945;

--Puttable floating option tax-exempts receipts series PT-3961;

--Puttable floating option tax-exempts receipts series PT-3962;

--Puttable floating option tax-exempts receipts series PT-3963;

--Puttable floating option tax-exempts receipts series PT-4017;

--Puttable floating option tax-exempts receipts series PT-4042;

--Puttable floating option tax-exempts receipts series PT-4094;

--Puttable floating option tax-exempts receipts series PT-4166;

--Puttable floating option tax-exempts receipts series PT-4211;

--Puttable floating option tax-exempts receipts series PT-4304;

--Puttable floating option tax-exempts receipts series PT-4321.

Fitch also withdraws the 'A+' rating assigned to the following Merrill Lynch, Pierce, Fenner & Smith, Inc. (NY) bonds:

--Residual interest securities receipts series PT-2266;

--Residual interest securities receipts series PT-2595;

--Residual interest securities receipts series PT-2802;

--Residual interest securities receipts series PT-2831;

--Residual interest securities receipts series PT-2877A;

--Residual interest securities receipts series PT-2877B;

--Residual interest securities receipts series PT-2931A;

--Residual interest securities receipts series PT-2931B;

--Residual interest securities receipts series PT-2931C;

--Residual interest securities receipts series PT-2931D;

--Residual interest securities receipts series PT-2994A;

--Residual interest securities receipts series PT-2994B;

--Custodial receipts series PT-2994A;

--Custodial receipts series PT-2994B;

--Residual interest securities receipts series PT-3010A;

--Residual interest securities receipts series PT-3010B;

--Residual interest securities receipts series PT-3010C;

--Residual interest securities receipts series PT-3189A;

--Residual interest securities receipts series PT-3189B;

--Residual interest securities receipts series PT-3326A;

--Residual interest securities receipts series PT-3326B;

--Residual interest securities receipts series PT-3338A;

--Residual interest securities receipts series PT-3338B;

--Residual interest securities receipts series PT-3338C;

--Residual interest securities receipts series PT-3338D;

--Residual interest securities receipts series PT-3356A;

--Residual interest securities receipts series PT-3356B;

--Residual interest securities receipts series PT-3490A;

--Residual interest securities receipts series PT-3490B;

--Residual interest securities receipts series PT-3514;

--Residual interest securities receipts series PT-3532;

--Residual interest securities receipts series PT-3550;

--Residual interest securities receipts series PT-3569;

--Residual interest securities receipts series PT-3575;

--Residual interest securities receipts series PT-3584;

--Residual interest securities receipts series PT-3602;

--Residual interest securities receipts series PT-3610A;

--Residual interest securities receipts series PT-3610B;

--Residual interest securities receipts series PT-3610C;

--Residual interest securities receipts series PT-3612;

--Residual interest securities receipts series PT-3620;

--Residual interest securities receipts series PT-3623;

--Residual interest securities receipts series PT-3624;

--Residual interest securities receipts series PT-3701A;

--Residual interest securities receipts series PT-3701B;

--Residual interest securities receipts series PT-3895;

--Residual interest securities receipts series PT-3931A;

--Residual interest securities receipts series PT-3931B;

--Residual interest securities receipts series PT-3945A;

--Residual interest securities receipts series PT-3945B;

--Residual interest securities receipts series PT-3961;

--Residual interest securities receipts series PT-3962;

--Residual interest securities receipts series PT-3963;

--Residual interest securities receipts series PT-4017A;

--Residual interest securities receipts series PT-4017B;

--Residual interest securities receipts series PT-4042A;

--Residual interest securities receipts series PT-4042B;

--Residual interest securities receipts series PT-4094;

--Residual interest securities receipts series PT-4166;

--Residual interest securities receipts series PT-4211;

--Residual interest securities receipts series PT-4304;

--Residual interest securities receipts series PT-4321.

The above-referenced bonds are no longer considered by Fitch to be relevant to agency's coverage.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'Municipal Structured Finance Rating Criteria', dated Aug. 16, 2010;

--'Guidelines for Rating Secondary Market Synthetic Floating-Rate Securities', dated Nov. 25, 2008.

Applicable Criteria and Related Research:

U.S. Municipal Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=548588

Guidelines for Rating Secondary Market Synthetic Floating-Rate Securities

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=415892

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

Fitch Ratings
Primary Analyst:
Richard Park, +1-212-908-0289
Associate Director
Fitch, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst:
Trudy Zibit, +1-212-908-0689
Managing Director
or
Committee Chair:
Mary Jane Ziga, +1-212-908-0529
Senior Director
or
Media Relations:
Cindy Stoller, +1-212-908-0526
Email: cindy.stoller@fitchratings.com