Standard&Poor's Ratings Services assigned its 'AA+' rating to Michigan State Housing Development Authority's (MSHDA) single-family housing revenue variable-rate bonds series 2009A, B, and C. Standard&Poor's also assigned its 'AA+/A-1+' rating to the authority's series 2009D bonds based on the authority's 'AA+' long-term rating, and the short-term component of the rating is based on a standby bond purchase agreement provided by Barclays Bank plc (AA-/A-1+). Lastly, Standard&Poor's raised its rating on the authority's series 2006C single-family variable-rate demand bonds to 'AA+/A-1+' from 'AA+/A-1' based on the substitution on of the standby bond purchase agreement from Depfa Bank plc (BBB/A-2) to Barclays Bank PLC (AA-/A-1+). The standby bond purchase agreements for both series 2009D and 2006C
