Standard&Poor's Ratings Services assigned its 'AA+' long-term rating to the $6.5 million Washington State Housing Finance Commission multifamily housing revenue bonds, series 2012 (Atherton Woods Apartments Project) issued for Atherton Washington, LLC. The outlook is negative. The rating reflects our view of eligible investments that will mature as needed at the times needed and in the amounts sufficient to pay debt service. We previously assigned an 'SP-1+' rating to debt issues with similar structures, but we now rate these types of issues based on the long-term issuer credit rating (ICR) on the investment provider if the remaining term to maturity (or earlier mandatory call) is greater than 13 months, or on the short-term issuer credit rating on the
