New York, February 01, 2016 -- Moody's Investors Service has downgraded to Aa2 from Aa1 the long-term ratings and affirmed the VMIG 1 short-term ratings of the letter of credit backed Massachusetts Housing Finance Agency Housing Bonds 2009 Series A and 2009 Series B (collectively, the Bonds) in conjunction with the substitution of the existing letters of credit from Bank of New York Mellon with the letters of credit (LOCs) provided by TD Bank, N.A. (the Bank). The substitution is scheduled to take place on February 1, 2016.
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