...SAN FRANCISCO (Standard & Poor's) Jan. 16, 2015--Standard & Poor's Ratings Services assigned its '##+' rating to the Wyoming Community Development Authority's (WCDA) housing revenue bonds, 2015 series 1, 2, and 3. At the same time, Standard & Poor's affirmed its '##+' long-term rating on the bonds previously issued under WCDA's 1994 parity indenture. In addition, we affirmed the 'A-1+' short-term rating on all variable-rate bonds outstanding under the 1994 indenture. The short-term rating reflects liquidity support in the form of standby bond purchase agreements provided by either State Street Bank and Trust Co. (##-/Stable/A-1+) or The Bank of New York Mellon (##-/Stable/A-1+). The outlook, where applicable, is stable. "The '##+' long-term rating is based on our view of the strong credit quality of the mortgage loan collateral, the strength of the cash flow runs, very strong reserve levels, the reduced exposure to variable-rate debt, and the strong management of the indenture," said Standard...
