Short-Term Rating On Utah Housing Corp.'s Series 2006 B-E Bonds Placed On Watch Neg

SAN FRANCISCO, CA--Standard & Poor's Ratings Services has placed the short-term rating on Utah Housing Corporation (UHC) Class I variable-rate single-family mortgage bonds series 2006 B-E on CreditWatch with negative implications.

This action follows Standard & Poor's placement of Lehman Brothers Commercial Bank's rating on CreditWatch with negative implications.

Lehman Brothers Commercial Bank provides a standby bond purchase agreement on UHC's bonds. Only the short-term rating on UHC's bonds has been placed on CreditWatch with negative implications

Media Contact:

Christopher Mortell, New York (1) 212-438-3446mailto:212-438-3446christopher_mortell@standardandpoors.com

Analyst Contacts: Karen Fitzgerald, San Francisco (1) 415-371-5023 Renee J Berson, New York (1) 212-438-7966