Standard&Poor's Ratings Services affirmed its 'AA+/A-1+' an 'AA+/A-1' ratings on Minnesota Housing Finance Agency's residential finance bonds, in conjunction with the adoption of an amendment to the 1995 bond resolution. The amendment clarifies that any successor remarketing agent shall be a commercial bank, national banking association or trust company, or a member of the Financial Industry Regulatory Authority. The outlook is positive. Liquidity for the variable-rate demand bonds is provided by State Street Bank&Trust Co. (AA-/A-1+), FHLB of Des Moine (AAA/A-1+), and Lloyd's TSB Bank PLC (A+/A-1) in the form of standby bond purchase agreements. The 'AA+' long-term component of the ratings on the bonds is based the unenhanced rating of the resolution. The positive outlook
