Summary: Merrill Lynch, Pierce, Fenner & Smith Inc.'s Series 2007C Ratings Raised To 'AA'; Residual Certificates; Tender Option Certificates/Bonds Dec 10

Standard & Poors, December 2010

Abstract
Standard & Poor's Ratings Services raised its ratings on Merrill Lynch, Pierce, Fenner & Smith Inc.'s floating rate class A certificates and residual rate class B certificates series 2007C, relating to Baptist Health South Florida's hospital revenue bonds, to 'AA' from 'AA-'. This action follows Standard & Poor's Nov. 15, 2010, upgrade of the rating on the underlying bonds to 'AA' from 'AA-'. The long-term rating is based on the underlying bonds (CUSIP#: 838810BW8). USPF Criteria: Secondary Market Derivative Products, June 27, 2007...

Companies mentioned in this report are: Baptist Hlth South Florida,Merrill Lynch, Pierce, Fenner & Smith Inc.
Action: Upgraded

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.

Baptist Hlth South Florida,Merrill Lynch, Pierce, Fenner & Smith Inc.

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