NEW YORK (Standard&Poor's) Oct. 12, 2010--Standard&Poor's Ratings Services has affirmed its 'AAA' rating on Portland, Ore.'s, multifamily housing revenue bonds (Collins Circle Apartments) series 1998, and removed the rating from CreditWatch with negative implications, where it had been placed May 12, 2010. The bonds are secured by a Fannie Mae mortgage-backed security. Standard&Poor's placed the ratings on certain housing issues, including this rating, on CreditWatch with negative implications due to revised criteria for certain federal government-enhanced housing transactions. Our revised criteria affect those transactions where funds are invested in money market funds and other investments with no guaranteed rate of return. "Standard&Poor's has analyzed updated financial information and we believe the bonds
