Moody's Public Finance Department Rating News

Business Wire, Nov 4, 1994

NEW YORK--(BUSINESS WIRE)--Nov. 4, 1994--Effective today, Moody's Investors Service reported the asset-backed finance ratings below were assigned during the week of Oct. 24, 1994. -0-

                    PUBLIC FINANCE DEPARTMENT
                WEEKLY ASSET-BACKED RATINGS SUMMARY

                                     Existing
                             Sale     Debt
                            Amount    Affected               Moody's
Issuer         Issue        ($000)    ($000)       Rating    Contact
------         -----        ------    ------       ------    -------

HOUSING

Initial ratings:

Idaho Housing  Senior Family  25,500                Aaa      Lloyd Alcorn
Agency         Mortgage                                      212/553-1042
               Revenue Bonds
               Senior Series
               1994 E

Idaho Housing  Senior Family   4,500                Aa       Lloyd Alcorn
Agency         Mortgage                                      212/553-1042
               Revenue Bonds
               Subordinate
               Series 1994 E
               & Mezzanine
               Series 1994 E

Mississippi    Single Family  10,000                Aaa    Margaret Casey
Home Mortgage  Mortgage                                    212/553-4185
Corporation    Revenue Bonds
(formerly      (Access
Mississippi    Program)
Housing        Series 1994 E
Finance
Corporation)

Palm Beach     Single Family  21,885                Aaa     Kelly O'Brien
County Housing Mortgage                                     212/553-4456
Finance        Revenue Bonds
Authority, FL  Series 1994 A
               & B

Tulsa County   Taxable        10,425                Aa  Michael P. Culnan
Home Finance   Collateralized                           212/553-4554
Authority, OK  Mortgage
               Obligations,
               Refunding
               Revenue
               Bonds, Series
               1994 Class A

Tulsa County   Taxable           985                A   Michael P. Culnan
Home Finance   Collateralized                           212/553-4554
Authority, OK  Mortgage
               Obligations,
               Refunding
               Revenue
               Bonds, Series
               1994 Class B

Walker Housing Multi-Family    1,090                Aa  Michael P. Culnan
Development    Mortgage                                 212/553-4554
Corporation,   Revenue
 TX            Refunding
               Bond, Series
               1994 A & B
               (FHA Insured
               Mortgage Loan
               - Waverly
               Village
               Apartment
               Project)

Utah Housing   Single Family  21,750                Aaa Lloyd Alcorn
Finance Agency Mortgage                                 212/553-1042
               Revenue Bonds
               (Federally
               Insured or
               Guaranteed
               Mortgage
               Loans), Senior
               Series 1994 F

Utah Housing   Single Family   1,000                A1  Lloyd Alcorn
Finance Agency Mortgage                                 212/553-1042
               Revenue Bonds
               (Federally
               Insured or
               Guaranteed
               Mortgage
               Loans),
               Subordinate
               Series 1994 F

Utah Housing   Single Family   2,250                Aa  Lloyd Alcorn
Finance Agency Mortgage                                 212/553-1042
               Revenue Bonds
               (Federally
               Insured or
               Guaranteed
               Mortgage
               Loans),
               Mezzanine
               Series 1994 F

Confirmations:

Alaska Housing General                     332,000  Aa  George Solari
Finance        Mortgage                                 212/553-7730
Corporation    Revenue Bonds

Georgia        Single Family  35,000       285,000  Aa  Jennifer Vento
Housing &      Mortgage                                 212/553-1090
Finance        Revenue Bonds
Authority      (FHA
(formerly      Insured/VA
Georgia        Guaranteed
Residential    Mortgage
Finance        Loans)
Authority)

Wyoming        Single Family  35,000      612,000   Aa  Tim Bartel
Community      Mortgage                                 212/553-7759
Development    Revenue Bonds
Authority      (Federally
               Insured or
               Guaranteed
               Mortgage
               Loans), Series
               1994 C & 1994
               Series D (AMT)

STUDENT
LOAN

Initial Rating:

Minnesota       Supplemental  42,200             Aaa/   Claire Mezzanotte
Higher          Student Loan                     VMIG 1 212/553-4030
Education       Program
Coordination    Variable Rate
Board (formerly Revenue
Minnesota       Refunding
Higher          Bonds Series
Education       1994 A &
Coordination    Variable Rate
Commission)     Revenue Bonds
                Series 1994 B

CONTACT: Moody's Investor Service, 212/553-0533