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Ratings Lowered And Short-Term Ratings Withdrawn On 20 M&I Marshall & Ilsley Bank LOC-Supported Bonds; 8 Others Affirmed Nov 10

Standard & Poors, November 2010

Abstract
NEW YORK (Standard & Poor's) Nov. 1, 2010--Standard & Poor's Rating Services today lowered its ratings on 20 bond issues supported by M&I Marshall & Ilsley Bank letters of credit (LOCs) to 'BBB-/A-3' from 'BBB/A-2', and subsequently withdrew the short-term component of its ratings on those bond issues. At the same time, we affirmed our 'AA+/A-1+' ratings on eight confirming LOC bond issues (see list). Today's rating actions reflect the Oct. 21, 2010, lowering of our long- and short-term issuer credit ratings on M&I Marshall & Ilsley Bank to 'BBB-/A-3' from 'BBB/A-2'. We subsequently withdrew the short-term component of our ratings on the downgraded bond issues following the Oct. 27, 2010, removal of our 'A-3' short-term issuer credit rating on...

Companies mentioned in this report are:
- Bridgeton Indl Dev Auth
- Rockford
- Topeka
- The Hlth & Ed Facs Brd of the Metro Govt of Nashville & Davidson Cnty
- Shawnee
- Wisconsin Hsg & Econ Dev Auth
- St. Louis Indl Dev Auth
- St Charles Cnty Indl Dev Auth
- Iowa Fin Auth
- Springfield Indl Dev Auth
- Wisconsin Hlth & Ed Fac Auth
- Kansas Dev Fin Auth
- Kansas City Tax Incre Fin Comm
- Rome-Floyd Cnty Dev Auth
- Missouri Dev Fin Brd
- Butler Vill
- Woodridge, DuPage, Will & Cook Cntys
- Cunat Capital Corp.

Action: Affirmed
Action: Downgraded
Action: Withdrawn

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.

- Bridgeton Indl Dev Auth
- Rockford
- Topeka
- The Hlth & Ed Facs Brd of the Metro Govt of Nashville & Davidson Cnty
- Shawnee
- Wisconsin Hsg & Econ Dev Auth
- St. Louis Indl Dev Auth
- St Charles Cnty Indl Dev Auth
- Iowa Fin Auth
- Springfield Indl Dev Auth
- Wisconsin Hlth & Ed Fac Auth
- Kansas Dev Fin Auth
- Kansas City Tax Incre Fin Comm
- Rome-Floyd Cnty Dev Auth
- Missouri Dev Fin Brd
- Butler Vill
- Woodridge, DuPage, Will & Cook Cntys
- Cunat Capital Corp.

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