31.05.2013 17:25:00
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Ohio Housing Finance Agency -- Moody's downgrades $9.8 million of Ohio HFA - (GNMA Collateralized- Kennedy Portfolio) Multi-Family Housing Revenue Bonds, Series 2005J to Aa1 from Aaa in conjunction...
New York, May 31, 2013 -- Moody's has downgraded the $9,880,000 of Ohio HFA - (GNMA Collateralized- Kennedy Portfolio) Multi-Family Housing Revenue Bonds, Series 2005J to Aa1 from Aaa. The outlook is stable because the bonds are rated below the US Government, Fannie Mae, and/or Freddie Mac (all Aaa negative), and the bonds are less vulnerable to a rating change due to the downgrade of the enhancer.