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Published on 5/15/2008 in the Prospect News Municipals Daily.

S&P rates California Housing bonds AA-

Standard & Poor's said it assigned its AA- rating to California Housing Finance Agency's $300 million home mortgage revenue bonds, series 2008 GH and 2008I.

Affected issues include $150 million of the series 2008 I bonds due Aug. 1, 2042 and $150 million of the series 2008GH due Aug. 1, 2025.

The outlooks are stable.


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