Fitch, Moody’s, Standard & Poor’s Give Alaska Housing Top Ratings

Fitch, Moody’s, Standard & Poor’s Give Alaska Housing Top Ratings

ANCHORAGE, AK – December 30, 2011 – (RealEstateRama) — Despite the economic recession that continues to plague the housing industry nationwide, the Alaska Housing Finance Corporation (AHFC) again received AAA ratings – the highest possible – for bonds issued or converted under its Mortgage Revenue Bond (MRB) indenture, the most recent of which were its 2011 Series A and B and 2009 Series A-2 bonds on November 22, 2011. At that time, the AAA rating was also affirmed for all outstanding bonds previously issued or converted under the MRB indenture. Such ratings reflect the quality of the mortgage loans pledged to the bonds and the additional security provided by dedicated debt service reserve and special reserve funds. Lastly, such bonds are also supported by AHFC’s general obligation pledge.

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