...S&P Global Ratings assigned its '##+/A-1+' rating to Wyoming Community Development Authority's (WCDA) $19.5 million 2018 series 2 housing revenue bonds, following the issuance of a standby bond purchase agreement (SBPA) provided by Royal Bank of Canada. The outlook is stable. The long-term component of the rating on the bonds reflects our view of WCDA's 1994 Indenture credit characteristics (##+/Stable). The short-term component of the rating reflects our view of the liquidity support in the form of the SBPA provided by Royal Bank of Canada (A-1+). In conjunction with this financing, WCDA is issuing 2018 series 1 housing revenue bonds. The bond proceeds will be used to refund a portion of the authority's 2015 series 7 housing revenue bonds and to make funds available to WCDA to purchase or acquire individual loans, most of which are expected to be insured or guaranteed by an agency or instrumentality of the federal government. The bonds are subject to redemption prior to maturity, including...
