NEW YORK --Standard & Poor's Ratings Services affirmed its 'AAA/A-1ratings on Connecticut Housing Finance Authority's housing mortgage finance bonds 2004 Series A Subseries A-4, 2004 Series B Subseries B-4, 2004 Series D Subseries D-4, 2005 Series A Subseries A-4, 2005 Series B Subseries B-2, 2005 Series D Subseries D-4, D-5 and D-6, 2005 Series E Subseries E-4 and E-5, 2006 Series A Subseries A-2, 2006 Series B Subseries B-1 and B-2, 2006 Series F Subseries F-2 and 2007 Series A Subseries A-4.The outlook is stable.
The ratings have been affirmed in conjunction with amendments to the standby bond purchase agreements provided by Depfa Bank PLC (A+/A-1). The amendments change the automatic termination events from being based on the bond insurance provider, AMBAC, to being based on the issuer's failure to pay and the long-term rating of the resolution.
For complete details, please contact:
Christopher Mortell ,
New York,
(1) 212-438-3446
christopher_mortell@standardandpoors.com
Analyst Contacts:
Moraa Andima,
New York
(1) 212-438-2734
Jeffrey Previdi,
New York
(1) 212-438-1796
