Fitch assigns AA to Md. Community Development bonds

Fitch Ratings said it assigned an AA rating to the Maryland Community Development Administration's $60 million residential revenue bonds, 2008 series A.

Additionally, Fitch affirmed the AA rating on the administration's outstanding $2.1 billion in residential revenue bonds.

The 2008 series A bonds are expected to sell through negotiation the week of June 2 and to be available for delivery around June 19.

Proceeds from the 2008 series A bonds will be used to refund a portion of the outstanding principal amount of draw down bonds.

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