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Summary: Minneapolis-St. Paul Housing Finance Board, Minnesota; Single Family Multiple MBS Dec 11
Standard & Poors, December 2011
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Minneapolis-St. Paul Housing Finance Board, Minn.'s million single-family mortgage revenue bonds series 2011B. The series 2011B bonds will consist of $14.2 million program bonds owned by the U.S. Treasury and $10.8 million new market bonds. The series 2011B market bonds will be issued simultaneously with the release of bond proceeds from escrow, in accordance with the New Issue Bond Program (NIBP). At the same time, Standard & Poor's affirmed its 'AA+' long-term rating on the board's single-family mortgage $18 million bonds series 2011A, issued under the NIBP. The outlook is negative. The rating reflects the sovereign rating on the U.S. (AA+/Negative/A-1+). Should the rating on the U.S. be upgraded...
Companies mentioned in this report are: Minneapolis-St. Paul Hsg Fin Brd
Action: New Rating
Action: Outlook: Negative
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Minneapolis-St. Paul Hsg Fin Brd