06.08.2013 22:51:00
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Idaho H&FA-Sing. Fam. Mtg. Bds-2003 Indenture -- Correction to Text, August 1, 2013 Release: Moody's downgrades to Aa1(sf) from Aaa(sf) Idaho Housing & Finance Association, Single Family Mortgage,...
New York, August 06, 2013 -- Following the delay in effecting the conversion to the alternate Variable Rate Obligations Mode from a weekly rate mode, the current underlying long term rating of Aa1(sf) on Series 2009A Class I Variable Rate Bonds ("Bonds") will be changed back to Aaa (sf). As stated in prior correction report, the Bonds remain in a weekly rate mode supported by the temporary credit and liquidity facilities provided by Fannie Mae & Freddie Mac. Once the conversion takes place, the long term enhanced Aaa(sf) rating and short term enhanced VMIG 1 rating which are based on the temporary credit and liquidity facilities will be withdrawn.