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Related Issuers
Allegheny County Residential Fin. Auth., PA
Appleridge Retirement Community, Inc.
Arkansas Development Finance Authority
Brazos County Housing Finance Corp., TX
Brevard County Housing Finance Authority, FL
Broward County Housing Finance Auth., FL
Burnsville (City of) MN
Calaveras (County of) CA
Capital Area Housing Finance Corporation, TX
Central Texas Housing Finance Corporation
Chicago (City of) IL
Clay County Housing Finance Authority, FL
Concho Valley Housing Finance Corporation
CRHMFA Homebuyers Fund, CA
Dade County Housing Finance Authority, FL
Dakota County Community Development Agy., MN
Denham Springs-Livingston Hsg& Mtg.Fin.AuthLA
Duval County Housing Finance Authority, FL
Eagan (City of) MN
El Paso (County of) CO
Escambia County Housing Finance Authority, FL
Fayette County Health Facs. Dev. Corp., TX
Hammond-Tangipahoa Home Mortgage Authority
Hillsborough Co. Housing Finance Auth., FL
Jefferson (Parish of) LA, Home Mtge. Auth.
Laredo Housing Finance Corporation, TX
Lee County Housing Finance Authority, FL
Macon Housing Authority, GA
Manatee County Housing Finance Authority, FL
Maricopa County Industrial Dev. Auth., AZ
Miami-Dade County Housing Finance Auth, FL
Michigan State Housing Development Authority
Minneapolis (City of) MN
Missouri Housing Development Commission
New Mexico Mortgage Finance Authority
New Orleans Finance Authority, LA
Nortex Housing Finance Corporation
North Central Texas Housing Finance Corp.
Oklahoma County Home Finance Authority, OK
Orange County Housing Finance Authority, FL
Palm Beach County Housing Finance Auth., FL
Phoenix, Pima & Maricopa County I.D.A., AZ
Pinellas County Housing Finance Authority, FL
Rock Hill City Housing Authority, SC
Rogers County Housing Finance Authority, OK
San Bernardino (County of) CA
Schenectady City Industrial Dev. Agy, NY
Sedgwick & Shawnee (Counties of), KS
Southern California Public Power Authority
Travis County Housing Finance Corporation, TX
Tulsa County Home Finance Auth, OK
Tulsa County Industrial Authority, OK
Waukesha City Redevelopment Authority, WI
West Central Texas Regional Housing Fin Corp.
Announcement:

MOODY'S PLACES 142 Aaa-RATED LOCAL HOUSING FINANCE AGENCIES ON WATCHLIST FOR POSSIBLE DOWNGRADE

19 Sep 2008
MOODY'S PLACES 142 Aaa-RATED LOCAL HOUSING FINANCE AGENCIES ON WATCHLIST FOR POSSIBLE DOWNGRADE

WATCHLIST ACTION FOLLOWS AIG DOWNGRADE

New York, September 19, 2008 -- The following 142 Aaa-rated local housing finance agency transactions have been placed on Watchlist for Possible Downgrade, following the downgrade of American International Group, Inc.'s (AIG) long-term rating to A2 on Watchlist for Possible Downgrade from Aa3, and placement of its short-term rating of P-1 on Watchlist for Possible Downgrade. All of these issues have exposure to AIG through Guaranteed Investment Contracts (GICs), and may be subject to 1) increased principal repayment risk as a result of the reduced credit quality of AIG and 2) the risk that, in the event the GIC is replaced, the new interest rate from the replacement investment will not be high enough to support debt service on the bonds. Over the next several weeks, Moody's will review the affected issues and take appropriate rating action as necessary For further information on Moody's approach to the significance of GICs to ratings on housing transactions, see Moody's Rating Methodology, "Investment Practices of Housing Bond Issuers Impact Credit Ratings," dated May, 2001.

Allegheny County Residential Fin. Auth., PA, Mtge. Revenue Bonds Ser. 1998 DD-1

Allegheny County Residential Fin. Auth., PA, Mtge. Revenue Bonds Ser. 1998 DD-2

Allegheny County Residential Fin. Auth., PA, Mtge. Revenue Bonds Ser. 1998 CC-1

Allegheny County Residential Fin. Auth., PA, Mtge. Revenue Bonds Ser. 1998 CC-2

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 1999-FF1

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 1999-FF2

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2000 HH-1

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2000 HH-2

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2000 II-1

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2000 II-2

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2001 JJ-1

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2001 JJ-2

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2001 KK-1

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2001 KK-2

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2002 LL

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2002 MM

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2004 NN

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2004 OO

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2004 PP

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2005 RR

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2005 SS

Allegheny County Residential Fin. Auth., PA, Single Family Mtge. Rev. Bonds Ser. 2005 QQ

Allegheny County Residential Fin. Auth., PA, Single Family Housing Revenue Bonds Ser. 1996-AA

Arkansas Development Finance Authority, Single Family Mtge. Rev. Bonds Ser. 2004-B

Brazos County Housing Finance Corp., TX, Single Family Mtge. Rev. Bonds Ser. 1999-A

Brevard County Housing Finance Authority, FL, Single Family Mtge. Rev. Bonds Ser. 2001A-1

Burnsville (City of) MN, Multifamily Housing Rev. Ref. Bonds Ser. 1999-A

Burnsville (City of) MN, Multifamily Housing Rev. Ref. Bonds Ser. 1999-B

Capital Area Housing Finance Corporation, TX, Single Family Mtge. Rev. Bonds Ser. 1999A

Central Texas Housing Finance Corp., TX, Single Family Mortgage Rev Ref Bonds Ser. 1999-A

Chicago (City of) IL, Industrial Revenue Bonds Ser. 1998-A1

Chicago (City of) IL, Single Family Mtge. Rev. Bonds Ser. 1999-C

Chicago (City of) IL, Single Family Mtge. Rev. Bonds Ser. 2002-D

Chicago (City of) IL, Single Family Mtge. Rev. Bonds 2002-D

Chicago (City of) IL, Single Family Mtge. Rev. Bonds Ser. 1997-A

Clay County Housing Finance Authority, FL, Single Family Housing Revenue Bonds Ser. 2000

Clay County Housing Finance Authority, FL, Single Family Housing Revenue Bonds Ser. 2001

Concho Valley Housing Finance Corporation, Single Family Mtge. Rev. Bonds Ser. 2000-A1

Concho Valley Housing Finance Corporation, Single Family Mtge. Rev. Bonds Ser. 2000-A2

Dade County Housing Finance Authority, FL, Single Family Mtge. Rev. Bonds Ser. 1996

Dakota County Community Development Agy., MN, Multifamily Housing Revenue Bonds Ser. 2000

Denham Springs-Livingston Hsg& Mtg.Fin.AuthLA, Single Family Mortgage Rev Ref Bonds Ser. 2000-A

Denham Springs-Livingston Hsg& Mtg.Fin.AuthLA, Single Family Mortgage Rev Ref Bonds Ser. 2000 A-1

Duval County Housing Finance Authority, FL, Single Family Housing Revenue Bonds Ser. 1997

Duval County Housing Finance Authority, FL, Single Family Mtge. Rev. Bonds Ser. 2000

Eagan (City of) MN, Multifamily Housing Rev. Ref. Bonds Ser. 1999-A

Eagan (City of) MN, Multifamily Housing Rev. Ref. Bonds Ser. 1999-B

El Paso (County of), CO, Bonds Ser. 2005A

Escambia County Housing Finance Auth., FL, Single Family Mtge. Rev. Bonds Ser. 2001A

Hammond-Tangipahoa Home Mortgage Authority, Single Family Mtge. Rev. Bonds Ser. 2006

Hillsborough Co. Housing Finance Auth., FL, Single Family Mortgage Rev Ref Bonds Ser. 1997

Hillsborough Co. Housing Finance Auth., FL, Single Family Mtge. Rev. Bonds Ser. 2000

Hillsborough Co. Housing Finance Auth., FL, Single Family Mtge. Rev. Bonds Ser. 2000A

Hillsborough Co. Housing Finance Auth., FL, Single Family Mtge. Rev. Bonds Ser. 2001 A-1

Hillsborough Co. Housing Finance Auth., FL, Single Family Mtge. Rev. Bonds Ser. 2001A-1

Jefferson (Parish of) LA, Home Mtge. Auth., Single Family Mtge. Rev. Bonds Ser. 1999-A1

Jefferson (Parish of) LA, Home Mtge. Auth., Single Family Mortgage Rev Ref Bonds Ser. 1999-B1

Jefferson (Parish of) LA, Home Mtge. Auth., Single Family Mortgage Rev Ref Bonds Ser. 2000-A2

Jefferson (Parish of) LA, Home Mtge. Auth., Single Family Mortgage Rev Ref Bonds Ser. 2000-C1

Jefferson (Parish of) LA, Home Mtge. Auth., Single Family Mortgage Rev Ref Bonds Ser. 2000-D1

Jefferson (Parish of) LA, Home Mtge. Auth., Single Family Mortgage Rev Ref Bonds Ser. 2000E

Jefferson (Parish of) LA, Home Mtge. Auth., Single Family Mortgage Rev Ref Bonds Ser. 2000-G1

Jefferson (Parish of) LA, Home Mtge. Auth., Single Family Mortgage Rev Ref Bonds Ser. 2000G-2

Jefferson (Parish of) LA, Home Mtge. Auth., Single Family Mortgage Rev Ref Bonds Ser. 2000E

Jefferson (Parish of) LA, Home Mtge. Auth., Single Family Mortgage Rev Ref Bonds Ser. 2000G-2

Laredo Housing Finance Corporation, TX, Single Family Mtge. Rev. Bonds Ser. 2001 A1-1

Laredo Housing Finance Corporation, TX, Single Family Mtge. Rev. Bonds Ser. 2001 A2-1

Laredo Housing Finance Corporation, TX, Single Family Mtge. Rev. Bonds Ser. 2001 A2-2

Lee County Housing Finance Authority, FL, Single Family Mtge. Rev. Bonds Ser. 1999A-4

Lee County Housing Finance Authority, FL, Single Family Mtge. Rev. Bonds Ser. 2000-A1

Lee County Housing Finance Authority, FL, Single Family Mtge. Rev. Bonds Ser. 2001A-1

Lee County Housing Finance Authority, FL, Single Family Mtge. Rev. Bonds Ser. 2002-A

Macon Housing Authority, GA, Single Family Mtge. Rev. Bonds Ser. 2000-A2

Macon Housing Authority, GA, Single Family Mtge. Rev. Bonds Ser. 2000-A1

Manatee County Housing Finance Authority, FL, Single Family Mtge. Rev. Bonds Ser. 1999

Manatee County Housing Finance Authority, FL, Single Family Mortgage Rev Ref Bonds Subser. 2000-1

Maricopa County Industrial Dev. Auth., AZ, Single Family Mortgage Rev Ref Bonds Ser. 2000-B2

Miami-Dade County Housing Finance Auth, FL, Mtge. Revenue Bonds Ser. 2000-A1

Michigan State Housing Development Authority, Bonds Series 2002-A

Michigan State Housing Development Authority, Multifamily Housing Revenue Bonds Seri. 2002-A

Michigan State Housing Development Authority, Multifamily Housing Revenue Bonds Ser. 2002-A

Minneapolis (City of) MN, Industrial Revenue Bonds Ser. 1998-A

Missouri Housing Development Commission, Single Family Mtge. Rev. Bonds Ser. 2005-A1

Missouri Housing Development Commission, Single Family Mtge. Rev. Bonds Ser. 2004-C

Moore Economic Development Authority (The), Single Family Mtge. Rev. Bonds Ser. 2001

New Mexico Mortgage Finance Authority, Single Family Mtge. Rev. Bonds Ser. 2005-A-1

New Orleans Finance Authority, LA, Single Family Mtge. Rev. Bonds Ser. 1999-A

New Orleans Finance Authority, LA, Single Family Mortgage Rev Ref Bonds Ser. 1999-B1

New Orleans Finance Authority, LA, Single Family Mortgage Rev Ref Bonds Ser. 99B-2

New Orleans Finance Authority, LA, Single Family Mortgage Rev Ref Bonds Ser. 2000 B-2

New Orleans Finance Authority, LA, Single Family Mtge. Rev. Bonds Ser. 2000 A-1

New Orleans Finance Authority, LA, Single Family Mortgage Rev Ref Bonds Ser. 2000 B-1

Nortex Housing Finance Corporation, Single Family Mtge. Rev. Bonds Ser. 1999-A

North Central Texas Housing Finance Corp., Multifamily Housing Revenue Bonds Ser. 2002

North Central Texas Housing Finance Corp., Multifamily Housing Revenue Bonds Ser. 2002

Oklahoma County Home Finance Authority, OK, Single Family Mortgage Rev Ref Bonds Ser. 2005A-1

Oklahoma County Home Finance Authority, OK, Single Family Mortgage Rev Ref Bonds Ser. 2005A-2

Orange County Housing Finance Authority, FL, Industrial Revenue Bonds Ser. 1999-A1

Orange County Housing Finance Authority, FL, Industrial Revenue Bonds Ser. 1999-A2

Orange County Housing Finance Authority, FL, Revenue Bonds Ser. 2000-A1

Orange County Housing Finance Authority, FL, Homeowner Revenue Bonds Ser. 2000-B1

Orange County Housing Finance Authority, FL, Bonds Ser. 2003-B

Orange County Housing Finance Authority, FL, Homeowner Revenue Bonds Ser. 2003-B

Orange County Housing Finance Authority, FL, Homeowner Revenue Bonds Ser. 2004-A

Palm Beach County Housing Finance Auth., FL, Single Family Mtge. Rev. Bonds Ser. 1999-A14

Palm Beach County Housing Finance Auth., FL, Single Family Mtge. Rev. Bonds Ser. 1999-A15

Palm Beach County Housing Finance Auth., FL, Single Family Mtge. Rev. Bonds Ser. 1999-A18

Palm Beach County Housing Finance Auth., FL, Single Family Homeowner Rev Ref Bonds Ser. 2000-A1

Palm Beach County Housing Finance Auth., FL, Single Family Homeowner Rev Ref Bonds Ser. 2000-A1

Penfield-Crown Oak Housing Development Corp, Coll Mtge Rev Bonds Ser. 2006-A

Phoenix, Pima & Maricopa County I.D.A., AZ, Single Family Mtge. Rev. Bonds Ser. 2006-1A

Phoenix, Pima & Maricopa County I.D.A., AZ, Single Family Mtge. Rev. Bonds Ser. 2006-1B

Pinellas County Housing Finance Authority, FL, Single Family Housing Revenue Bonds Ser. 1996-A

Pinellas County Housing Finance Authority, FL, Single Family Housing Revenue Bonds Ser. 1999-B1

Pinellas County Housing Finance Authority, FL, Single Family Housing Revenue Bonds Ser. 1999-B1

Pinellas County Housing Finance Authority, FL, Single Family Housing Revenue Bonds Ser. 1999-B2

Pinellas County Housing Finance Authority, FL, Single Family Housing Revenue Bonds Ser. 2002-A

Pinellas County Housing Finance Authority, FL, Single Family Housing Revenue Bonds Ser. 2002-A

Pinellas County Housing Finance Authority, FL, Single Family Housing Revenue Bonds Ser. 2004A-1

Pinellas County Housing Finance Authority, FL, Single Family Housing Revenue Bonds Ser. 2004A-2

Rock Hill City Housing Authority, SC, Multifamily Housing Revenue Bonds Ser. 2004

Rogers County Housing Finance Authority, OK, Single Family Mtge. Rev. Bonds Ser. 2001

San Bernardino (County of) CA, Single Family Mtge. Rev. Bonds Ser. 2000-A

San Bernardino (County of) CA, Single Family Mtge. Rev. Bonds Ser. 2001 A-1

San Bernardino (County of) CA, Single Family Mtge. Rev. Bonds Ser. 2000 A-1

Schenectady City Industrial Dev. Agy, NY, Industrial Revenue Bonds Ser. 2000A

Sedgwick & Shawnee (Counties of), KS, Single Family Mtge. Rev. Bonds Ser. 1999A-1

Sedgwick & Shawnee (Counties of), KS, Single Family Mtge. Rev. Bonds Ser. 2003A-5

Sedgwick & Shawnee (Counties of), KS, Single Family Mtge. Rev. Bonds Ser. 2000-A2

Sedgwick & Shawnee (Counties of), KS, Single Family Mtge. Rev. Bonds Ser. 2003 A-1

Sedgwick & Shawnee (Counties of), KS, Single Family Mtge. Rev. Bonds Ser. 2003 A-2

Sedgwick & Shawnee (Counties of), KS, Single Family Mtge. Rev. Bonds Series 2003 A-3

Sedgwick & Shawnee (Counties of), KS, Single Family Mtge. Rev. Bonds Series 2003 A-4

Sedgwick & Shawnee (Counties of), KS, Single Family Mtge. Rev. Bonds Ser. 2001-B2

Travis County Housing Finance Corporation, TX, Single Family Mortgage Rev Ref Bonds Ser. 2001A

Travis County Housing Finance Corporation, TX, Industrial Revenue Bonds Ser. 1998-A

Tulsa County Home Finance Auth, OK, Single Family Mortgage Rev Ref Bonds Ser. 2001B

Tulsa County Industrial Authority, OK, Mtge. Revenue Refunding Bonds Ser. 2005-A

Tulsa County Industrial Authority, OK, Mtge. Revenue Refunding Bonds Ser. 2005B

Waukesha City Redevelopment Authority, WI, Industrial Revenue Bonds Ser. 2001-A

West Central Texas Regional Housing Fin Corp., Single Family Mtge. Rev. Bonds Ser. 2000-A1

West Central Texas Regional Housing Fin Corp., Single Family Mtge. Rev. Bonds Ser. 2000-A2

New York
Gregory W. Lipitz
Vice President - Senior Analyst
Structured Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

New York
Florence Zeman
Senior Vice President
Public Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

No Related Data.
© 2019 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved.

CREDIT RATINGS ISSUED BY MOODY'S INVESTORS SERVICE, INC. AND ITS RATINGS AFFILIATES (“MIS”) ARE MOODY’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES, AND MOODY’S PUBLICATIONS MAY INCLUDE MOODY’S CURRENT OPINIONS OF THE RELATIVE FUTURE CREDIT RISK OF ENTITIES, CREDIT COMMITMENTS, OR DEBT OR DEBT-LIKE SECURITIES. MOODY’S DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. SEE MOODY’S RATING SYMBOLS AND DEFINITIONS PUBLICATION FOR INFORMATION ON THE TYPES OF CONTRACTUAL FINANCIAL OBLIGATIONS ADDRESSED BY MOODY’S RATINGS. CREDIT RATINGS DO NOT ADDRESS ANY OTHER RISK, INCLUDING BUT NOT LIMITED TO: LIQUIDITY RISK, MARKET VALUE RISK, OR PRICE VOLATILITY. CREDIT RATINGS AND MOODY’S OPINIONS INCLUDED IN MOODY’S PUBLICATIONS ARE NOT STATEMENTS OF CURRENT OR HISTORICAL FACT. MOODY’S PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODY’S ANALYTICS, INC. CREDIT RATINGS AND MOODY’S PUBLICATIONS DO NOT CONSTITUTE OR PROVIDE INVESTMENT OR FINANCIAL ADVICE, AND CREDIT RATINGS AND MOODY’S PUBLICATIONS ARE NOT AND DO NOT PROVIDE RECOMMENDATIONS TO PURCHASE, SELL, OR HOLD PARTICULAR SECURITIES. NEITHER CREDIT RATINGS NOR MOODY’S PUBLICATIONS COMMENT ON THE SUITABILITY OF AN INVESTMENT FOR ANY PARTICULAR INVESTOR. MOODY’S ISSUES ITS CREDIT RATINGS AND PUBLISHES MOODY’S PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.

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Moody’s Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moody’s Corporation (“MCO”), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by Moody’s Investors Service, Inc. have, prior to assignment of any rating, agreed to pay to Moody’s Investors Service, Inc. for ratings opinions and services rendered by it fees ranging from $1,000 to approximately $2,700,000. MCO and MIS also maintain policies and procedures to address the independence of MIS’s ratings and rating processes. Information regarding certain affiliations that may exist between directors of MCO and rated entities, and between entities who hold ratings from MIS and have also publicly reported to the SEC an ownership interest in MCO of more than 5%, is posted annually at www.moodys.com under the heading “Investor Relations — Corporate Governance — Director and Shareholder Affiliation Policy.”

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MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any rating, agreed to pay to MJKK or MSFJ (as applicable) for ratings opinions and services rendered by it fees ranging from JPY125,000 to approximately JPY250,000,000.

MJKK and MSFJ also maintain policies and procedures to address Japanese regulatory requirements.

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