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Moody's: Bond Issuers Stronger Than Ever

Wednesday, October 31, 2001 - 8:00AM

Moody’s Investors Service (Moody’s) reports that despite an economic slowdown, tax-exempt housing bond issuers, particularly state housing finance agencies (HFA), are stronger than ever. Moody’s asserts that the $15 billion combined fund balance for state HFAs and their 13 percent median profitability ratio should allow them to “easily withstand” some of the negative effects of the sagging economy, and consequently predicts a stable outlook for the state HFA industry.

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