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Fitch Rates Bank of America Merrill Lynch P-FLOATs and RITES Series PT-4740

  Fitch Rates Bank of America Merrill Lynch P-FLOATs and RITES Series PT-4740

Business Wire

NEW YORK -- July 25, 2013

Fitch Ratings assigns the following ratings to the puttable floating option
tax-exempts receipts (P-FLOATs) and residual interest tax-exempt securities
receipts (RITES) of the Merrill Lynch P-FLOATs Series PT-1000 Trust BOA:

--Series PT-4740 P-FLOATs - 'AA-/F1', Stable Outlook; RITES - 'AA-', Stable
Outlook.

KEY RATING DRIVERS

The long-term 'AA-', Stable Outlook rating assigned to the PT-4740 P-FLOATs
and RITES is based on the rating that Fitch has assigned to the Bay Area Toll
Authority San Francisco Bay Area Toll Bridge Revenue Bonds Series 2001A (rated
'AA-', Stable Outlook) that have been deposited in the Series PT-4740 trust.

The 'F1' short-term ratings assigned to the P-FLOATs are based on the
liquidity facility provided by Bank of America, National Association (rated
'A/F1', Stable Outlook). The short-term ratings will expire on Dec. 15, 2013
unless such date is extended or any prior termination the liquidity facility.

RATING SENSITIVITIES

The short-term rating assigned to the P-FLOATs reflects the short-term rating
that Fitch maintains on the bank providing liquidity support and will be
adjusted upward or downward in conjunction with the short-term rating of the
bank, and, in some cases, the long-term rating of the underlying bond
deposited in the trust. The long-term ratings assigned to the P-FLOATs and
RITES are exclusively tied to the creditworthiness of the underlying bonds
deposited in the trust and will reflect all changes to that rating.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research:

--'U.S. Municipal Structured Finance Criteria', Feb. 27, 2013;

--'Guidelines for Rating Tender Option Bonds', May 9, 2013.

Applicable Criteria and Related Research:

U.S. Municipal Structured Finance Criteria

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=701570

Guidelines for Rating Tender Option Bonds

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=707849

Additional Disclosure

Solicitation Status

http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=797812

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS.
PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK:
HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING
DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S
PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND
METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF
CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL,
COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM
THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER
PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS
OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN
EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER
ON THE FITCH WEBSITE.

Contact:

Fitch Ratings
Primary Analyst:
Mario Civico
Senior Director
+1-212-908-0796
Fitch Ratings, Inc.
One State Street Plaza
New York, NY 10004
or
Secondary Analyst:
Joseph Staffa
Senior Director
+1-212-908-0689
or
Committee Chairperson:
Linda Friedman
Senior Director
+1-212-908-0727
or
Media Relations:
Elizabeth Fogerty, New York, +1 212-908-0526
Email: elizabeth.fogerty@fitchratings.com