Standard&Poor's Ratings Services assigned its 'AA+' long-term rating to Washington State Housing Finance Commission's (Vitus Group) multifamily housing revenue bonds series 2012 (Desert Villa Apartments Project), issued on behalf of Desert Villa Partners LP. The rating reflects the delivery of a Freddie Mac direct-pay credit enhancement agreement (the agreement) at closing, which is 'AA+' eligible based on Freddie Mac's relationship with the U.S. federal government. The outlook is negative. From the July 2012 delivery date, the bonds will accrue interest to be paid semiannually on the first day of each January and July. The bonds will bear interest in the fixed-rate mode only and will remain in this mode until maturity; as such, there are no mandatory or
