-A A +A

Moody's rates VHFA bonds "Aaa" and "Aa2"

Posted by: VHFA on 12/11/2009

Moody's Investors Service has assigned a rating of "Aaa" to VHFA's $102 million mortgage revenue bonds (Mortgage Backed Securities Program) Series 2009A (escrow bonds).

It rated our $23 million HFA Initiative Multifamily Bonds, 2009 Series A (taxable), "Aa2."

Moody's long-term obligation ratings, for investment- and speculative-grades, work on a 21-grade scale. "Aaa" is the highest; "Aa2" is the third highest.