Fitch Plans to Withdraw Housing and Urban Development Corp's Ratings
Fitch currently rates HUDCO as follows:
Long-Term Issuer Default Rating 'BBB-'; Outlook Stable
Short-Term Issuer Default Rating 'F3'
Support Rating '2'
Support Rating Floor 'BBB-'
Fitch reserves the right in its sole discretion to withdraw or maintain any rating at any time for any reason it deems sufficient. Fitch believes that investors benefit from increased rating coverage by Fitch and is providing approximately 30 days' notice to the market on the withdrawal. Ratings are subject to analytical review and change up to the time Fitch withdraws the ratings.
Fitch's last rating action on HUDCO was on 8 May 2015 when the ratings were affirmed.