Moody’s Investor Service has once again affirmed West Virginia Housing Development Fund’s “Aaa” issuer credit rating. This qualification is Moody’s highest ranking and the Fund is the only state housing finance agency to receive this distinction.
In a report published on February 14, the rating service praised the Fund’s “strong equity position” and “balance sheet strength.”
“The Fund has the strategic initiative and financial flexibility to proactively adapt to economic conditions since the Great Recession,” the report stated. “It is well-positioned... Continue Reading