Fitch gives Puerto Rico housing bonds AAA

Fitch Ratings said it assigned an AAA rating to Puerto Rico Housing Finance Authority's $200 million single-family mortgage revenue bonds, portfolio XI.

The bonds are being sold the last week of May through negotiation. As of Dec. 31, the authority had issued $1.1 billion of lendable proceeds under various stand-alone indentures under its affordable housing mortgage subsidy program. Of those proceeds, the amount of mortgage certificates purchased totaled about $575 million, Fitch said.

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