...S&P Global Ratings assigned its '##+' long-term rating to the Wyoming Community Development Authority's (WCDA) 2020 series 1 and series 2 housing revenue bonds. In addition, S&P Global Ratings affirmed its '##+' long-term rating and various short-term ratings on the bonds outstanding, issued under WCDA's 1994 parity indenture. The outlook on all ratings, where applicable, is stable. Bond proceeds totaling an estimated $109 million (preliminary) will be used to refund the authority's outstanding 2009 series A-1, A-2, and A-3 homeownership mortgage revenue bonds and to make funds available for 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 special obligations of the authority, payable solely from the revenues, income, and receipts of the authority and are secured by an assignment of the loans and other assets within its 1994 indenture. The bonds are subject to redemption...
