Standard&Poor's Ratings Services placed its 'AA/A-1+' rating on Minnesota Housing Finance Agency's limited obligation bonds drawdown series 2008 LOC facility-backed issues on CreditWatch with negative implications. This action follows Standard&Poor's May 4, 2009, placement of the rating on Wells Fargo&Co. on CreditWatch with negative implications. USPF Criteria: "LOC-Backed Municipal Debt," July 2, 2007