Standard & Poor's Ratings Services affirmed its 'AA+/A-2' rating on Maine State Housing Authority's (MSHA) mortgage purchase bonds series 2008E-1 and 2008E-2. The rating on the bonds remains on CreditWatch with developing implications, reflecting the recent rating actions on Dexia (see, "Dexia's Core Banks Downgraded To 'A-/A-2' On Funding Constraints; Put On Watch Developing On Possible Restructuring," published Oct. 6, 2011, on RatingsDirect on the Global Credit Portal). At the same time, Standard & Poor's affirmed its ratings on all bonds outstanding under the resolution, including its 'AA+/A-1' rating on the series 2008H bonds, reflecting the extension of the liquidity facility that is currently in effect and provided by KBC Bank N.V. (A/StableA-1), until Nov. 3, 2014. For additional information...
Companies mentioned in this report are:
- Maine St Hsg Auth
Action: Outlook: Stable
Action: On CreditWatch:Developing
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