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12 M&I Marshall & Ilsley Bank LOC-Supported Bonds Ratings Raised Following Acquisition; 7 Other Ratings Affirmed Jul 11

Standard & Poors, July 2011

Abstract
NEW YORK (Standard & Poor's) July 22, 2011--Standard & Poor's Ratings Services today raised its ratings on 12 bond issues, which are fully supported by M&I Marshall & Ilsley Bank's letters of credit (LOCs), to 'A+/A-1' from 'BBB-/NR'. At the same time, we removed the ratings from CreditWatch with positive implications, where we placed them on Dec. 22, 2010. We also affirmed our 'AA+/A-1+' ratings on seven bond issues that are fully supported by both M&I Marshall & Ilsley Bank and Federal Home Loan Bank of Chicago (FHLB Chicago; 'AA+/A-1+') (see list). Today's rating actions reflect the July 5, 2011, acquisition of M&I Marshall & Ilsley Bank by Bank of Montreal subsidiaries and its merger into BMO Harris Bank, National...

Companies mentioned in this report are: Rome-Floyd Cnty Dev Auth,Rockford,The Hlth & Ed Facs Brd of the Metro Govt of Nashville & Davidson Cnty,Shawnee,Wisconsin Hsg & Econ Dev Auth,St Louis Cnty Indl Dev Auth,St Charles Cnty Indl Dev Auth,Iowa Fin Auth,Springfield Indl Dev Auth,M&I Marshall & Ilsley Bank,Butler Vill,Woodridge, DuPage, Will & Cook Cntys,Cunat Capital Corp.
Action: Affirmed
Action: Removed From CreditWatch
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.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Rome-Floyd Cnty Dev Auth,Rockford,The Hlth & Ed Facs Brd of the Metro Govt of Nashville & Davidson Cnty,Shawnee,Wisconsin Hsg & Econ Dev Auth,St Louis Cnty Indl Dev Auth,St Charles Cnty Indl Dev Auth,Iowa Fin Auth,Springfield Indl Dev Auth,M&I Marshall & Ilsley Bank,Butler Vill,Woodridge, DuPage, Will & Cook Cntys,Cunat Capital Corp.

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