S&P rates Acacia Creek at Union City, Calif., bonds AA/A-1+

Standard & Poor's said it gave an AA/A-1+ rating to the Association of Bay Area Governments Finance Authority for Nonprofit Corporation, Calif.'s $93,625,000 of variable-rate revenue bonds, series 2008A, issued on behalf of Acacia Creek at Union City.

S&P said the rating is based entirely upon a guaranty on the bonds by the Masonic Homes of California.

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