Standard&Poor's Ratings Services affirmed its 'AAA' rating on Michigan State Housing Development Authority's series 2002A multifamily housing revenue bonds (Parkview Place Apartments Project) and removed it from CreditWatch with negative implications. On May 12, 2010, the authority was included in a rating action that placed certain housing issues on CreditWatch with negative implications due to revised methodology for certain federal government-enhanced housing transactions. Based on information that this issue has a guaranteed investment contract for the reserve fund, Standard&Poor's believes the issue is therefore not reliant on fluctuations in investment earnings. USPF Criteria: Ginnie Mae, Fannie Mae, And Freddie Mac Multifamily Securities, June 26, 2007 USPF Criteria: Review Of Investment Agreements For Municipal Revenue Bond Financings,
