Bangkok--15 Jun--Standard & Poor's
Standard & Poor's Ratings Services corrected its outlook on Puerto Rico Housing Finance Authority's affordable housing mortgage subsidy program single-family mortgage revenue bonds portfolio IX to not meaningful from stable. According to our single-family mortgage-backed securities criteria, the outlook should be not meaningful to reflect the federal guarantee as security for the bonds. On Oct. 31, 2002, we incorrectly assigned a stable outlook to our 'AAA' rating on the bonds.
RELATED RESEARCH
USPF Criteria: "Single-Family Mortgage-Backed Securities Programs," June 13, 2007
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Media Contact:
Ana Sandoval, New York (1) 212-438-5095, [email protected]
Analyst Contacts:
Edward Ubiera, New York (1) 212 438 2034
Renee J Berson, New York (1) 212-438-7966