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Moody's rates Conn. housing bonds Aaa, Aaa/VMIG1
Moody's Investors Service said it assigned a rating of Aaa to the Connecticut Housing Finance Authority Housing Mortgage Finance Program's $123 million of 2008 series A-1, A-2 and A-3, and an Aaa/VMIG1 rating to the program's $120 million of 2008 series A-4 and A-5 variable-rate bonds.
At the same time, Moody's said it affirmed the Aaa rating on all of the program's outstanding bonds.
The outlook is stable.
The 2008 series A-4 and A-5 bonds are supported by a standby bond purchase agreement from JPMorgan Chase Bank, NA.
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