PPLUPropellant and Pressurant Loading Unit
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Standard & Poor's Ratings Services today affirmed its ratings on PPLUS Trust Series PMC-1 and removed them from CreditWatch with negative implications where they were placed March 26, 2003 (see list).
RATINGS AFFIRMED AND REMOVED FROM CREDITWATCH NEGATIVE PPLUS Trust Series PMC-1 $70 million PPLUS Trust certificates series PMC-1 Rating Class To From A BBB BBB/Watch Neg B BBB BBB/Watch Neg