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Moodyi Investors Service wcmmti SI'MI. Naw Yortt. NY. 10007 <br />Mev«Bb«r 21, 1991 <br />I <br />Li <br />f. <br />b.i, <br />I <br />?> <br />Mr. Thc»aa Kuahn <br />Financa Diraetor <br />City of orono <br />P.O. Box €6 <br />Orono« Ninnaaota <br />Daar Mr. Xuahnt <br />55323 <br />Na viah to inform you that our Rating Coamittaa haa <br />aaalgnad tha rating of AB to tha $4.coo.000 Orono Housing & <br />Radavalopmant Authority. Ninnaaota Public Facility Ra^nua <br />Bonda Bariaa 1991 to ba aold Novembar 25, 1991. ■ <br />tfa hava alao raviavad and confimad tha rating of AB-.1 <br />to tha outatanding Orono, Ninnaaota Ganaral Obligation <br />Bonda. <br />In ordar that wa may maintain the curraney of this <br />rating ovar the pariod of tha loan, wa will raguira currant <br />financial and othar updating information, wa will <br />appraoiata your continued eooparation in tha future. <br />Na would appraciata receiving a copy of the final <br />Official Statamant whan availabla. <br />Should you hava any questions regarding the above, <br />plaaaa do not haaitate to contact Oov iskowiti at <br />(212) 553-7936. <br />Sincerely, <br />V) ‘ <br />Daniel N. Reimowits <br />executive 7ica president <br />Director <br />Public Finance Department <br />DAItogj <br />cot Ns. Diana Loofcard <br />Analyat <br />Bhlars 6 Assooiatas <br />90 South Seventh Street <br />Minnaapolla, Minnesota 5S402-4ioo