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Moody's rates Ohio Housing bonds Aaa, Aaa/VMIG 1
Moody's Investors Service said it assigned ratings to three series of Ohio Housing Finance Agency's residential mortgage revenue bonds (Mortgage-Backed Securities Program).
An Aaa rating was assigned to $37.5 million of 2008 series A bonds. Ratings of Aaa/VMIG 1 were assigned to $82.5 million of 2008 series B (variable-rate demand) bonds and $30 million of federally taxable series C (variable-rate demand) bonds.
The outlook is stable.
Sale of all three series is set for April 16.
Moody's also said it affirmed the Aaa rating of the Residential Mortgage Revenue Bonds program, which had about $3.105 billion of outstanding parity bonds as of Dec. 31.
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