Standard&Poor's Ratings Services affirmed its 'AAA' long-term rating on Minneapolis, Minn.'s Riverside Plaza project multifamily mortgage revenue refunding bonds Ginnie Mae collateralized mortgage loan, series 1998, issued for Minneapolis Community Development Agency. Ginnie Mae mortgage backed securities secure the bonds. The rating reflects our view of the following: The extremely high credit quality, of the Ginnie Mae guaranteed mortgage pass-through certificates, which are considered to be 'AAA' eligible; The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity; The extremely strong investment quality; and An asset-to-liability ratio of 100.73% as of Oct. 2, 2009. The rating reflects the strong credit quality of the assets
