Moody's assigns Aaa to Virginia Housing Dev. Auth. Commonwealth Mtg. Bonds 2016 Ser. A; outlook stable

(RECAP: Moody’s Investors Service has assigned a Aaa rating to proposed $100,019,762 Virginia Housing Development Authority (“VHDA”) Commonwealth Mortgage Bonds (“CMB”) 2016 Series A-Taxable (Pass-Through). The Aaa rating on the approximately $1,860,857,000 of outstanding CMB debt is also affirmed. The outlook on the ratings is stable. The Aaa rating on the Commonwealth Mortgage Bond (“CMB”) program reflects the bond program’s very strong financial position, the Authority’s active management, as well as its solid portfolio composition and performance. Bondholder security is further enhanced by the presence of the Authority’s general obligation pledge. VHDA maintains a Moody’s Issuer Rating of Aa1 with a stable outlook.)