Eleven of the market's largest tender option bond programs have approached Moody's Investors Service with plans to update the documents defining their programs so the underlying ratings of insured bonds are taken into account.

The banks that have provided amendments to Moody's are Bank of America NA, Bear, Stearns & Co., BB&T Capital Markets, Eclipse Funding LLC, Citi, JPMorgan, LaSalle Bank Corp., Lehman Brothers, Merrill Lynch & Co., Morgan Stanley, and State Street Global Markets.

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