Standard & Poor's Ratings Services reviewed an amendment dated Jan. 31, 2008, amending the series supplement for series 2006-2058 (Puerto Rico) for the Morgan Stanley & Co. Inc. Municipal Trust Certificates program and we have concluded that the amendment will not result in a reduction or withdrawal of the current ratings Standard & Poor's has assigned to outstanding series of floater certificates. As a result of the amendment, Standard & Poor's removed the CreditWatch with negative implications designation from the 'AAA' rating of the residual certificates and the outlook will be not meaningful. The amendment changes the asset for the trust from the underlying Ambac-insured bond to a custodial receipt holding the same underlying bond and the addition of credit...
Companies mentioned in this report are:
- Puerto Rico
- Morgan Stanley & Co Inc Tr
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