NEW YORK (Standard&Poor's) April 13, 2012--Standard&Poor's Ratings Services revised the outlook on Minneapolis, Minn.'s (Olson Townhouses) Section 8 assisted multifamily housing revenue bonds series 1993 to positive from stable. At the same time, Standard&Poor's affirmed its 'BBB' long-term rating on the bonds. "The outlook revision reflects our opinion of the property's strong operating performance," said Standard&Poor's credit analyst Renee J. Berson. The rating reflects our opinion of the following strengths: Strong debt service coverage level of 1.25x maximum annual debt service (MADS), based on the audited financial statements for fiscal year 2011; Recent rental increase received by the project in 2011 as contract rents are below fair market rent; Increase in incomes
