Standard&Poor's Ratings Services placed its 'A-/A-1' rating on Minnesota Housing Finance Agency's limited obligation bonds draw down series 2007 on CreditWatch with negative implications. This action follows Standard&Poor's placement of American International Group Inc. on CreditWatch with negative implications. The rating reflects the investment of the proceeds in an investment agreement provided by AIG Matched Funding Corp. (with a guarantee from American International Group Inc.), scheduled to expire on Oct. 24, 2010.