Standard&Poor's Ratings Services raised its rating on 20 series of Wyoming Community Development Authority (WCDA)'s housing revenue bonds to 'AAA/A-1+' from 'AA+/A-1+', reflecting a substitution of the enhancement (please see list below). We expect that on Dec. 21, 2009 (the substitution date), the existing enhancements will be terminated and replaced under the U.S. Treasury's Temporary Credit and Liquidity Program (TCLP). Under TCLP, one master irrevocable standby temporary credit and liquidity facility (C&L facility), issued by Fannie Mae and Freddie Mac (collectively, the GSEs) in favor of the trustee, will support the 20 series of bonds. Standard&Poor's also assigned its 'AA+' underlying rating (SPURs) to the 20 series of upgraded bonds, and affirmed its 'AA+'
