Standard&Poor's Ratings Services assigned its 'AAA/A-1+' rating to Public Finance Authority, Wis.' series 2011 variable-rate multifamily housing refunding bonds, issued on behalf of the Kendall Court Apartments Project, based on the delivery of a direct pay credit enhancement instrument provided by Fannie Mae. The credit facility is sized at principal plus 34 days' interest calculated at the maximum rate of 12% on the bonds. Bonds will initially bear interest at a weekly rate, but can be converted to a reset or fixed rate. The credit facility must provide sufficient interest coverage before conversion of the interest rate to another mode. A mandatory tender will occur upon adjustment to a different mode or reset rate. During the weekly rate
