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By clicking “I AGREE” [at the end of this document], you indicate that you understand and intend these terms and conditions to be the legal equivalent of a signed, written contract and equally binding, and that you accept such terms and conditions as a condition of viewing any and all Moody’s inform​ation that becomes accessible to you [after clicking “I AGREE”] (the “Information”).   References herein to “Moody’s” include Moody’s Corporation, Inc. and each of its subsidiaries and affiliates.

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1.            Unless you have entered into an express written contract with Moody’s to the contrary, you agree that you have no right to use the Information in a commercial or public setting and no right to copy it, save it, print it, sell it, or publish or distribute any portion of it in any form.               

2.            You acknowledge and agree that Moody’s credit ratings: (i) are current opinions of the future relative creditworthiness of securities and address no other risk; and (ii) are not statements of current or historical fact or recommendations to purchase, hold or sell particular securities.  Moody’s credit ratings and publications are not intended for retail investors, and it would be reckless and inappropriate for retail investors to use Moody’s credit ratings and publications when making an investment decision.  No warranty, express or implied, as the accuracy, timeliness, completeness, merchantability or fitness for any particular purpose of any Moody’s credit rating is given or made by Moody’s in any form whatsoever.          

3.            To the extent permitted by law, Moody’s and its directors, officers, employees, representatives, licensors and suppliers disclaim liability for: (i) any indirect, special, consequential, or incidental losses or damages whatsoever arising from or in connection with use of the Information; and (ii) any direct or compensatory damages caused to any person or entity, including but not limited to by any negligence (but excluding fraud or any other type of liability that by law cannot be excluded) on the part of Moody’s or any of its directors, officers, employees, agents, representatives, licensors or suppliers, arising from or in connection with use of the Information.

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I AGREE
Related Issuers
Athens (City of) GA
Beech Grove (City of) IN, Multi-Fam. Hsg. Mtge. Rev. Ref. Bonds, 1998A, (FHA Ins. Mtge. Ln. - McGregor Woods Apartments Project), $8.295MM
Brown (County of) OH
Brown (County of) OH, Mortgage Revenue Bonds (GNMA Collateralized-Hyde Park West/Forest Glade Apartments Project), Series 2003-A & Series 2003-B (Taxable), $2.545MM
Butler County Industrial Dev. Auth., PA
Butler County Industrial Development Auth, PA, Health Care Facilities Revenue Bonds , 2001A & B(Taxable), (GNMA Collateralized - St. John Lutheran Care Center Project), $10.868MM
California Statewide Communities Dev. Auth.
California Statewide Communities Development Authority, Multifamily Housing Revenue Bonds (GNMA Collateralized - Lincoln Apartments Project), Series 2001 L, $5,153,900.00
City of New Castle, Indiana Economic Development Revenue Refunding Bonds (FHA Insured Mortgage Loan - Raintree Square Project), Series 1997A
Franklin (County of) OH
Franklin (County of) OH, Multifamily Housing Mortgage Revenue Bonds (GNMA Collateralized - Agler Green Project), Series 2002-A, $8,920,000
Franklin (County of) OH, Multifamily Housing Revenue Bonds (GNMA Collateralized - Waggoner Senior Housing Project), Series 2002-A, $1.885MM
Greeley (City of) CO, Multifamily Housing Revenue Bonds, 2000, (GNMA Collateralized - Meeker Commons), $4.355MM
Hamilton (County of) OH
Hamilton (County of) OH, Mortgage Revenue Bonds (GNMA Collateralized - Glen Meadows Project), Series 2002-A and Series 2002-B (Taxable), $5.610MM
Herkimer (County of) NY, I.D.A.
Herkimer (County of) NY, Industrial Development Agency, Civic Facility Revenue Bonds, (GNMA Collateralized-Folts Adult Home Project), Series 2005-A & Series 2005-B (Taxable), $7.875MM
Housing and Redevelopment Authority of St. Paul, MN, Elderly Housing Revenue Bonds (GNMA Collateralized Mortgage Loan - Franciscan Health and Housing Serivices Project), Series 2002
Housing Auth. (of the City of Athens), GA, Single Family Mortgage Revenue Bonds, 1998A,B, (GNMA and Fannie Mae Mortgage-Backed Securities Program)
Maryland Community Development Administration
Maryland Community Development Administration, Multifamily Development Revenue Bonds (Orchard Mews Apartments Project), Series 2002-C
Minneapolis (City of) Minnesota, Multifamily Housing Revenue Bonds, (GNMA Collateralized Mortgage Loan-Summer Field Phase II, L.P. Project), Series 2003A
Minneapolis (City of) MN
Minneapolis (City of) MN, Multifamily Housing Revenue Bonds (GNMA Collateralized Mortgage Loan - Sumner Field Partners, L.P. Project), Series 2002A, $3.550MM
New Castle (City of) IN
New Jersey Economic Development Authority
New Jersey Economic Development Authority, GNMA Collateralized Mortgage Revenue Bonds, (Victoria Health Corporation Project), Series 2001A & 2001B (Taxable), $10,260,000
New Mexico Regional Housing Authority for Region II, Multifamily Housing Refunding Revenue Bonds (GNMA Collateralized - Country Club Apartments Project), Series 2002, $3.920MM
New Mexico Regional Hsg. Auth. for Region II
Schenectady (City of) Industrial Dev. Agy., Tax-Exempt Civil Facility Revenue Bonds, 2000A, (GNMA Collateralized - Schaffer Heights Housing Corporation Project), $7.875MM
Schenectady (City of) NY
Springfield (Township of) OH (Hamilton Cnty)
Springfield (Township of) OH, Mortgage Revenue Bonds ( GNMA Collateralized-Burney View Apartments Project) Series 2003A & 2003B (Taxable), 1.955MM
St Paul & Ramsey Cnty, MN Hsg & Redevelopment
St Paul & Ramsey Cnty, MN Hsg & Redevelopment, Multifamily Housing Revenue Bonds, 2000, (GNMA Collateralized Mortgage Loan - Skyline Tower Project), $15MM
Texas Department of Housing & Community Affairs, Multifamily Housing Revenue Bonds (Greens Road Apartments Project), Series 2001, $8.375mm
Texas Dept. of Housing & Community Affairs
Westchester County I.D.A., NY
Westchester County Industrial Development Agency, NY, Civic Facility Revenue Bonds (GNMA Collateralized Mortgage Loan - Living Independently for the Elderly, Inc. Project), Series 2001A and 2001B (Taxable), $10.525MM
Rating Action:

Moody's Investors Service has placed the ratings on 7 state housing finance agency transactions, and 22 local housing finance agency transactions, on Watchlist for possible downgrade

18 Nov 2010

APPROXIMATELY $169.5 MILLION OF OUTSTANDING DEBT AFFECTED

New York, November 18, 2010 -- Moody's Investors Service has placed the ratings on the following 7 state housing finance agency transactions, and 22 local housing finance agency transactions, on Watchlist for possible downgrade, The Watchlist action is prompted by the lack of sufficient information to maintain the rating on the transactions. If the information is not obtained within the next 30 days, we will take appropriate rating action which could include the withdrawal or lowering of the rating.

A) State Housing Finance Agency Issues

1) Maryland Community Development Administration, Multifamily Revenue Bonds(Edgewater Village), Series 2000B-1. Aaa / Watchlist for Possible Downgrade

2) Maryland Community Development Administration, Multifamily Revenue Bonds(Edgewater Village), Series 2000B-2. Aaa / Watchlist for Possible Downgrade

3) Maryland Community Development Administration, Multifamily Development Revenue Bonds (Orchard Mews Apartments Project), Series 2002C. Aaa / Watchlist for Possible Downgrade

4) New Jersey Economic Development Authority, GNMA Collateralized Mortgage Revenue Bonds (Victoria Health Corporation Project), Series 2001A & B. Aaa / Watchlist for Possible Downgrade

5) New Mexico Regional Housing Authority for Region II, Multifamily Housing Refunding Revenue Bonds (GNMA Collateralized - Country Club Apartments Project), Series 2002. Aaa / Watchlist for Possible Downgrade

6) California Statewide Communities Development Authority, Multifamily Housing Revenue Bonds (GNMA Collateralized - Lincoln Apartments Project), Series 2001. Aaa / Watchlist for Possible Downgrade

7) Texas Department of Housing & Community Affairs, Multifamily Housing Revenue Bonds. Aaa / Watchlist for Possible Downgrade

B) Local Housing Finance Agency Issues

1) City of Schenectady, Schaffer Heights Housing, Series 2000A. A2 / Watchlist for Possible Downgrade

2) Herkimer (County of) NY, I.D.A. Civic Facility Revenue Bonds (GNMA Collateralized -- Folt's Adult Home Project) 2005 A & B. Aaa / Watchlist for Possible Downgrade

3) Sacred Heart Associates, L.P. Project Revenue Bonds (Sacred Heart Associates, L.P. Project), Series 2006A and 2006B. Aa1 / Watchlist for Possible Downgrade

4) (Greens Road Apartments Project), Series 2001A. Aaa / Watchlist for Possible Downgrade

5) Springfield (Township of), Ohio, Mortgage Revenue Bonds (GNMA Collateralized - Burney View Apartments Project) ,Series 2003A and B. Aaa / Watchlist for Possible Downgrade

6) Brown (County of) ,Ohio, Mortgage Revenue Bonds (GNMA Collateralized - Hyde Park West/Forest Glade Apartments Projects), Series 2003A & B. Aaa / Watchlist for Possible Downgrade

7) Franklin (County of),Ohio, Multifamily Housing Revenue Bonds (GNMA Collateralized - Waggoner Senior Housing Project) ,Series 2002A. Aaa / Watchlist for Possible Downgrade

8) Hamilton (County of),Ohio, Mortgage Revenue Bonds (GNMA Collateralized - Glen Meadows Project), Series 2002A & B. Aaa / Watchlist for Possible Downgrade

9) Franklin (County of),Ohio, Multifamily (GNMA Collateralized - Alger Green Project), Series 2002A. Aaa / Watchlist for Possible Downgrade

10) Butler County Industrial Development Authority, PA Health Care facilities Revenue Bonds(GNMA Collateralized- St. John's Lutheran Care Center Project), Series 2001A. Aaa / Watchlist for Possible Downgrade

11) St. Paul Housing & Redevelopment Authority, MN, Multifamily (GNMA Collateralized - Franciscan Health & Housing Services), Series 2001. Aaa / Watchlist for Possible Downgrade

12) Beech Grove Economic Development, Multifamily Housing Mortgage Revenue Refunding Bonds, (FHA Insured - McGregor Woods Apartments), Series 1998A. Aa2 / Watchlist for Possible Downgrade

13) New Castle (City of), IN, Economic Development, Revenue Refunding Bonds (FHA Insured Mortgage Loan -- Rain Tree Square Project), Series 1997A. Aa2 / Watchlist for Possible Downgrade

14) Newburg Industrial Development Agency, NY Industrial Revenue Bonds, Series 1999 A. Aa1 / Watchlist for Possible Downgrade

15) Community Development Administration, Maryland Department of Housing and Community Development ,Multifamily Development Revenue Bonds (Park Montgomery), Series 2000C. Aaa / Watchlist for Possible Downgrade

16) Housing Authority of the City of Athens Georgia, Single Family Mortgage Revenue Bonds (GNMA & FNMA Mortgage Backed Securities Program), Series 1998 A. Aaa / Watchlist for Possible Downgrade

17) The Housing and Redevelopment Authority of The City of Saint Paul, Minnesota, and The Ramsey County Housing and Redevelopment Authority, Minnesota Multifamily Housing Revenue Bonds, (GNMA Collateralized Mortgage Loan -- Skyline Tower Project), Series 2000. Aaa / Watchlist for Possible Downgrade

18) City of Minneapolis, MN multifamily housing revenue bonds (GNMA Collateralized Mortgage Loan - Sumner Field Phase II, LP Project), Series 2003A. Aaa / Watchlist for Possible Downgrade

19) City of Minneapolis Minnesota Multifamily Housing Revenue Bonds (GNMA Collateralized Mortgage Loan Sumner Field Partners LP Project), Series 2002 A. Aaa / Watchlist for Possible Downgrade

20) City of Greeley, Colorado, Multifamily Housing Revenue Bonds (GNMA Collateralized - Meeker Commons), Series 2000. Aaa / Watchlist for Possible Downgrade

21) County of Westchester Industrial Development Agency, Civic Facility Revenue Bonds (GNMA Collateralized Mortgage Loan - Living Independently for the Elderly, Inc. Project), , Series 2001A. Aaa / Watchlist for Possible Downgrade

22) Rapides Parish Housing & Mortgage Finance Authority, LA, Taxable Refunding Bonds, Series 1991 B. Aaa / Watchlist for Possible Downgrade

What Could Change the Rating -- UP

N/A

What Could Change the Rating -- DOWN

Non-Receipt of Information Would Result in Moody's Inability to Maintain Rating

Asset-to-Parity Lower Than 100%.

Downgrade of a Credit Support Provider, Below Aa3, or the US Government

Moody's adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources Moody's considers to be reliable including, when appropriate, independent third-party sources. However, Moody's is not an auditor and cannot in every instance independently verify or validate information received in the rating process.

Please see ratings tab on the issuer/entity page on Moodys.com for the last rating action and the rating history.

The date on which some Credit Ratings were first released goes back to a time before Moody's Investors Service's Credit Ratings were fully digitized and accurate data may not be available. Consequently, Moody's Investors Service provides a date that it believes is the most reliable and accurate based on the information that is available to it. Please see the ratings disclosure page on our website www.moodys.com for further information.

Please see the Credit Policy page on Moodys.com for the methodologies used in determining ratings, further information on the meaning of each rating category and the definition of default and recovery.

New York
Timothy J. Mone
Associate Analyst
Public Finance Group
Moody's Investors Service
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

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

Moody's Investors Service
250 Greenwich Street
New York, NY 10007
U.S.A.

Moody's Investors Service has placed the ratings on 7 state housing finance agency transactions, and 22 local housing finance agency transactions, on Watchlist for possible downgrade
No Related Data.
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