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Moody's assigns VHFA bonds highest rating

Posted by: VHFA on 3/31/2011

Moody's Investors Services has assigned an 'Aaa' rating to VHFA's $6.71 million 2009 Series B multifamily bonds.

The rating indicates Moody's has determined the bonds are the highest quality with the smallest degree of risk.

The Agency is converting approximately $6.71 million of 2009 Series A bonds and re-designating it as 2009 Series B.

VHFA originally issued $23 million in 2009 Series A multifamily bonds in December 2009 under the New Issue Bond Program established by Fannie Mae, Freddie Mac, the Federal Housing Finance Agency, and the U.S. Department of the Treasury.