Standard&Poor's Ratings Services lowered its rating on White Bear Lake, Minn.'s FHA-insured multifamily refunding bonds (Lake Square Partners Project) series 1996A to 'AA+' from 'AAA', and removed the rating from CreditWatch with negative implications where it was placed on Nov. 10, 2009. The bond issue maintains a guaranteed investment contract with Berkshire Hathaway Inc., which was lowered to 'AA+/Stable' (see, "Berkshire Hathaway Inc. And Core Subsidiaries Ratings Lowered; Outlook Is Stable," published Feb. 4, 2010). The bonds are secured by a mortgage loan, which is insured under section 221 (d)3 of the National Housing Act. The rating continues to reflect our view of: The extremely high credit quality of the FHA-insured mortgage loan collateral; Sufficiency of assets and
