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Housing Finance Authority of Pinellas County, FL, Single Family Housing Revenue Bonds (Multi-County Program), 2019 Series A (Non-AMT), $15MM -- Moody's assigns Aaa to Housing Finance Authority of Pinellas County, FL Single Family Hsg Rev Bonds 2019 Series A

Moody's Investors Service has assigned Aaa rating to the proposed $15,000,000 sale of Housing Finance Authority of Pinellas County, FL's (The Authority) Single Family Housing Revenue Bonds (Multi-County Program) 2019 Series A (Non-AMT). The rating is based on the high quality of the mortgage-backed securities, a sound legal structure and cash flow projections under a range of appropriate prepayment assumptions that indicate sufficient revenues to pay timely debt service and program expenses. The 2019 Series A bonds will be used to purchase mortgage-backed securities secured by loans made to finance single family homes within three participating counties: Pinellas, Pasco and Polk.