New York, May 09, 2014 -- Moody's Investors Service, ("Moody's") has downgraded $178,890,000 outstanding Pacific Northwest Communities, LLC's (WA) Taxable Military Housing Revenue Bonds (Navy Northwest Family Housing Privatization Project), Series 2005A Class I to A1 from Aa3. The A3 rating on $38,980,000 outstanding Pacific Northwest Communities, LLC's (WA) Taxable Military Housing Revenue Bonds (Navy Northwest Family Housing Privatization Project), Series 2005B Class II has been affirmed. The outlook on both series has been revised to stable.
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