Moody's rates Wyoming Community Development bonds Aa1, Aa1/VMIG1

Moody's Investors Service said it assigned an Aa1 rating to $37 million Wyoming Community Development Authority housing revenue bonds, 2008 series 1, and ratings of Aa1/VMIG1 to $13 million 2008 series 2.

The outlook is stable.

Sale of the series 1 bonds was expected on May 13, and sale of the series 2 bonds was expected on May 15.

Moody's also affirmed the Aa1 rating on all outstanding housing revenue bonds.

Proceeds of 2008 series 1 and 2 bonds will be used to refund certain bonds previously issued under the indenture (through current refunding), to make funds available for the purchase of single family mortgage loans for the authority's single family homeownership program, and to make deposits in reserve funds.

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