OREANDA-NEWS. Fitch Ratings assigns the following ratings to the puttable floating option tax-exempts receipts (P-FLOATs) of the Merrill Lynch Taxable P-FLOATs Series TN Trust BOA:

--Series TN-044 Taxable P-FLOATs - 'AAA/F1', long-term rating on Rating Watch Negative.

KEY RATING DRIVERS

The long-term 'AAA', Rating Watch Negative assigned to the TN-044 Taxable P-FLOATs is based on the rating that Fitch has assigned to the Higher Education Loan Authority of the State of Missouri Student Loan Asset-Backed Notes, Series 2010-1 (LIBOR Floating Rate Notes) (rated, 'AAA', Rating Watch Negative) that have been deposited in the Series TN-044 trust.

The 'F1' short-term rating assigned to the P-FLOATs is based on the liquidity facility provided by Bank of America, National Association (rated 'A+/F1', Stable Outlook), which has a stated expiration date of March 15, 2017 unless such date is extended or there is any prior termination of the liquidity facility.

RATING SENSITIVITIES

The short-term rating assigned to the Taxable 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 rating assigned to the Taxable P-FLOATs is exclusively tied to the creditworthiness of the underlying bonds deposited in the trust and will reflect all changes to that rating.