Moody's rates Oregon housing bonds Aa2, Aa2/VMIG1

Moody's Investors Service said it assigned ratings to the State of Oregon Housing and Community Services Department's $105 million of mortgage revenue bonds (single family mortgage program), 2008 series D, E and F.

Moody's assigned an Aa2 rating to $11.79 million of series D bonds, an Aa2 rating to $58.21 million of series E bonds and an Aa2/VMIG1 rating to $35 million of series F bonds.

Sale of the bonds is expected on May 1.

The outlook is stable.

Moody's also said it affirmed the Aa2 rating on all of the department's outstanding mortgage revenue bonds (single family mortgage program).

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