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Maryland’s CDA bond series highly rated

Daily Record Staff//July 10, 2013

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Maryland’s CDA bond series highly rated

Maryland’s CDA bond series highly rated

By Daily Record Staff

//July 10, 2013

Fitch Ratings, a global credit rating agency, assigned ‘AA+’ credit bond rating to Maryland’s Community Development Administration on its $52.5 million housing revenue bonds, 2013 series B and C, The Wall Street Journal reported Monday.

The Community Development Administration, the housing finance unit within the Maryland Department of Housing and Community Development, “has demonstrated strong programmatic oversight capabilities and has had a long successful history of administering multifamily programs,” Fitch noted, according to a release published in the Journal.

Last month, Moody’s Investors Service rated two of the CDA’s multifamily home development revenue bonds at ‘Aaa’, the highest rating achievable.

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