Fitch Rates Bank of America Merrill Lynch Taxable P-FLOATs Series TN-039

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<0> Fitch Rates Bank of America Merrill Lynch Taxable P-FLOATs Series TN-039 </0>

Fitch RatingsPrimary Analyst:Richard Park, +1-212-908-0289DirectorFitch, Inc.One State Street PlazaNew York, NY 10004orSecondary Analyst:Trudy Zibit, +1-212-908-0689Managing DirectororCommittee Chairperson:Ronald McGovern, +1-212-908-0513Senior DirectororElizabeth Fogerty, +1-212-908-0526Media Relations, New York

Fitch Ratings assigns a rating of 'A/F1', Outlook Stable to the series TN-039 puttable floating option taxable notes (Taxable P-FLOATs) of the Merrill Lynch Taxable P-FLOATs Series TN Trust BOA.

The long-term 'A', Stable Outlook rating assigned to the series TN-039 Taxable P-FLOATs is based on the series BOA-259 custodial receipts deposited in the Series TN-039 trust. The series BOA-259 custodial receipts evidence a beneficial ownership in the Forest City Residential Management, Inc. Taxable Notes, Series 2007 (not rated by Fitch) and are supported by custodial level credit enhancement in the form of a swap agreement provided by Bank of America, National Association (Bank of America, rated 'A/F1', Stable Outlook).

The 'F1' short-term rating assigned to the Taxable P-FLOATs is based on the liquidity facility provided by Bank of America. The short-term rating will expire on Nov. 15, 2013, unless such date is extended or earlier terminated.

Additional information is available at ''. 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 Criteria', Feb. 28, 2012;

--'Guidelines for Rating Tender Option Bonds', May 10, 2012.

Applicable Criteria and Related Research:

U.S. Municipal Structured Finance Criteria

Guidelines for Rating Tender Option Bonds

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