...NEW YORK (S&P Global Ratings) July 10, 2017--S&P Global Ratings raised its long-term rating on Greystone Multifamily Mortgage Bond Trust's (Nevada Housing Division) series 2014-02 senior certificates, relating to several multifamily housing bonds, to '##+' from '##'. This rating action follows our May 2, 2017, withdrawal of the lowest-rated underlying bonds related to Nevada Housing Division. The rating is now based on the lowest rated of the following bonds: + Texas Department of Housing & Community Affairs' (Peninsula Apartments) series A multifamily housing revenue bonds (CUSIP: 88275BJV1), + Nevada Housing Division's (Woodcreek Apartments) series A multi-unit housing bonds (CUSIP: 641272CR8), and + San Diego Housing Authority, Calif.'s (Hollywood Palms Apartments) series C multifamily housing revenue bonds (CUSIP: 79728FHK0). The long-term rating on the custodial receipt reflects the rating on the lowest-rated underlying bond, as well as our expectation of the likelihood of bondholders...
