NEW YORK (Standard&Poor's) Jan. 20, 2012--Standard&Poor's Ratings Services today affirmed its 'AA-/A-1+' rating on Iowa Finance Authority's (the issuer's) variable-rate demand multifamily housing revenue bonds series 2007A (for the Windsor on the River project) due May 1, 2042, following its review of documents related to the expected replacement of the letter of credit (LOC) currently being provided by Wells Fargo Bank N.A. with a new LOC from PNC Bank N.A. The long- and short-term components of our rating on the bonds currently reflect our long- and short-term issuer credit ratings on Wells Fargo Bank N.A. ('AA-/A-1+'). As of the LOC replacement date, which is currently scheduled for Jan. 25, 2012, the long- and short-term components of
