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18.05.2016 18:12:00
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Illinois Housing Development Authority -- Moody's assigns Aaa rating to Illinois HDA Multifamily (Pass-Through-Crossroads of East Ravenswood) Ser 2016
New York, May 18, 2016 -- Moody's Investors Service, ("Moody's") has assigned a rating of Aaa to the proposed $20,400,000 Illinois Housing Development Authority Multifamily (Pass-Through - Crossroads of East Ravenswood) Series 2016. The rating reflects the high quality of the Fannie Mae mortgage backed certificate, a sound legal structure where principal and interest payments are passed through to bondholders on a monthly basis and cash flow projections that indicate the sufficiency of revenues to pay full and timely debt service.
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