California Housing Finance Agency -- Moody's affirms Baa2 rating for California Housing Finance Agency's Home Mortgage Revenue Bonds, outlook revised to positive; affirms A3 for issuer rating and...

New York, February 28, 2014 -- Moody's Investors Service has affirmed the long-term underlying rating on California Housing Finance Agency's Home Mortgage Revenue Bonds (HMRB- $3.017 billion outstanding at 6/30/13) at Baa2. The outlook on the rating is revised from negative to positive. Moody's has also affirmed the Agency's issuer rating at A3, and has at the same time affirmed the A3 ratings on the Housing Program Bonds (HPB - $69.7 million outstanding). The outlook on the issuer and HPB ratings is revised from negative to stable. This action does not affect enhanced ratings on any of the Agency's variable rate demand bonds. No other ratings of the Agency are affected by this action, including the rating on the Multifamily Housing Revenue Bonds III.

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