Moody's assigns Aa1/VMIG1 to New York housing bonds

Moody's Investors Service said it assigned a rating of Aa1/VMIG1 to the $18.9 million 2008 series A and $31.5 million 2008 series B West 37th Street housing revenue bonds issued by the New York State Housing Finance Agency.

The expected sale date is July 17.

The rating is based on a letter of credit provided by Wachovia Bank NA, which Moody's rates Aa1 for its long-term obligations and P-1 for its short-term obligations.

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