Standard & Poor's Ratings Services placed its 'AAA' rating on Idaho Housing Agency's single-family mortgage bonds, series 1990F, on CreditWatch with negative implications.
This action follows Standard & Poor's May 7, 2009, downgrade of Societe Generale, the guaranteed investment contract provider, to 'A+/A-1' from 'AA-/A-1+'.
RELATED RESEARCH
USPF Criteria:
-- "Review Of Investment Agreements For Municipal Revenue Bond Financings," June 26, 2007
-- USPF Criteria: "Single-Family Whole Loan Programs," June 14, 2007
Complete ratings information is available to RatingsDirect subscribers at www.ratingsdirect.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; select your preferred country or region, then Ratings in the left navigation bar, followed by Find a Rating.
Media Contact:
Ana Sandoval, New York (1) 212-438-5095, [email protected]
Analyst Contacts:
Lawrence Witte, San Francisco (1) 415-371-5037
Karen Fitzgerald, San Francisco (1) 415-371-5023
Key Contacts:
Americas Media Relations: (1) 212-438-6667
media_ [email protected]
Americas Customer Service: (1) 212-438-7280