Summary: Citigroup Global Markets ROCs/ROLs II-R Trust Series 11126 Jul 07

Standard & Poors, July 2007

Abstract
Citigroup Global Markets Reset Option Certificates II-R Series 11126, relating to Tennessee Energy Acquisition Corp. gas project revenue bonds series 2006C, are rated 'AA-/A-1+'. The long-term component of the rating is based on the 'AA-' rated, underlying bonds. The short-term component of the rating is based on a liquidity facility provided by Citibank N.A. (A-1+). Citigroup Global Markets Reset Option Longs II-R Series 11126, relating to Tennessee Energy Acquisition Corp. gas project revenue bonds series 2006C, are rated 'AA-'. The rating is based on the 'AAA' rated underlying bonds. The short-term component of the rating is based on a shortfall liquidity swap agreement where the swap counterparty is Citibank N.A. (A-1+). Optionally tendered ROCs that are not remarketed will be...

Companies mentioned in this report are:
- Citigroup Global Markets ROCs/ROLs II-R Tr
- Tennessee Energy Acquisition Corp. (Gas Prepay)

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- Citigroup Global Markets ROCs/ROLs II-R Tr
- Tennessee Energy Acquisition Corp. (Gas Prepay)

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