Fitch Rates AUSTIN Trust Variable Ctfs, Ser BOA 1106, 1180, 1189, 1190, 1192, 1206, 1209X, & 3509: Fitch Ratings assigns the following ratings to the Variable Certificates of the various AUSTIN Trusts listed below:
Vergrößern Fitch Rates AUSTIN Trust Variable Ctfs, Ser BOA 1106, 1180, 1189, 1190, 1192, 1206, 1209X, & 3509 | Bild: © ad-hoc-news

--Series BOA 1106 Variable Certificates;'AA+/F1'; Stable Outlook;

--Series BOA 1180 Variable Certificates;'AA/F1'; Stable Outlook;

--Series BOA 1189 Variable Certificates;'AA/F1'; Positive Outlook;

--Series BOA 1190 Variable Certificates;'AAA/F1'; Stable Outlook;

--Series BOA 1192 Variable Certificates;'AA+/F1'; Stable Outlook;

--Series BOA 1206 Variable Certificates;'AA+/F1'; Stable Outlook;

--Series BOA 1209X Variable Certificates;'AA-/F1'; Positive Outlook; and

--Series BOA 3509 Variable Certificates;'AA/F1'; Stable Outlook.

The long-term 'AA+'; Stable Outlook rating assigned to the Series BOA 1106 Variable Certificates is based on the rating that Fitch has assigned to the San Diego County Water Authority Water Revenue Certificates of Participation, Series 2008A (rated 'AA+'; Stable Outlook by Fitch) that have been deposited in the AUSTIN Trust Series BOA 1106.

The long-term 'AA'; Stable Outlook rating assigned to the Series BOA 1180 Variable Certificates is based on the rating that Fitch has assigned to the Washington Health Care Facilities Authority Revenue Bonds, Series 2008C (Children's Hospital and Regional Medical Center) (rated 'AA'; Stable Outlook) that have been deposited in the AUSTIN Trust Series BOA 1180.

The long-term 'AA'; Positive Outlook rating assigned to the Series BOA 1189 Variable Certificates is based on the rating that Fitch has assigned to the Dormitory Authority of the State of New York State Personal Income Tax Revenue Bonds (Education), Series 2008A (rated 'AA'; Positive Outlook) that have been deposited in the AUSTIN Trust Series BOA 1189.

The long-term 'AAA'; Stable Outlook rating assigned to the Series BOA 1190 Variable Certificates is based on the rating that Fitch has assigned to the New York City Transitional Finance Authority Future Tax Secured Subordinate Bonds, Fiscal 2007 Subseries C-1 (rated 'AAA'; Stable Outlook) that have been deposited in the AUSTIN Trust Series BOA 1190.

The long-term 'AA+'; Stable Outlook rating assigned to the Series BOA 1192 Variable Certificates is based on the rating that Fitch has assigned to the New York City Municipal Water Finance Authority Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2009 Series CC (rated 'AA+'; Stable Outlook) that have been deposited in the AUSTIN Trust Series BOA 1192.

The long-term 'AA+'; Stable Outlook rating assigned to the Series BOA 1206 Variable Certificates is based on the rating that Fitch has assigned to the New York City Municipal Water Finance Authority Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2007 Series DD (rated 'AA+'; Stable Outlook) that have been deposited in the AUSTIN Trust Series BOA 1206.

The long-term 'AA-'; Positive Outlook rating assigned to the Series BOA 1209X Variable Certificates is based on the rating that Fitch has assigned to the JEA Electric System Subordinated Revenue Bonds, 2009 Series A (rated 'AA-'; Positive Outlook) that have been deposited in the AUSTIN Trust Series BOA 1209X.

The long-term 'AA'; Stable Outlook rating assigned to the Series BOA 3509 Variable Certificates is based on the rating that Fitch has assigned to the North Carolina Medical Care Commission Health System Revenue Bonds (Mission Health Combined Group), Series 2007 (rated'AA'; Stable Outlook) that have been deposited in the AUSTIN Trust Series BOA 3509.

The 'F1' short-term ratings assigned to the Variable Certificates are based on the liquidity facilities provided by Bank of America, National Association (rated 'A/F1'; Stable Outlook). The short-term ratings will expire on Feb. 15, 2012, the expiration date for each liquidity facility, unless such date is extended or earlier terminated.

Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'U.S. Municipal Structured Finance Rating Criteria' (April 25, 2011);

--'Guidelines for Rating Tender Option Bond Securities'

(May 25, 2011).

Applicable Criteria and Related Research:

U.S. Municipal Structured Finance Rating Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=624129

Guidelines for Rating Tender Option Bond Securities

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=632790

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