SAN FRANCISCO (Standard&Poor's) Oct. 13, 2010--Standard&Poor's Ratings Services lowered its rating to 'CCC' from 'AAA' on Minneapolis, Minn.'s multifamily mortgage revenue refunding bonds (Riverside Plaza Project), series 1998. The rating remains on CreditWatch with negative implications. The bonds are secured by a Ginnie Mae mortgage-backed security. The issue was included in a May 12, 2010, rating action in which we placed our ratings on certain housing issues on CreditWatch with negative implications due to revised criteria for certain federal government-enhanced housing transactions. Our revised criteria affects government-enhanced housing transactions in which funds are invested in money market funds and other investments with no guaranteed rate of return. "We have analyzed updated financial statements, and in our
