HELENA, Mont. – The Montana Board of Housing’s credit rating has been upgraded by Moody’s Investors Service which will result in the board being able to provide more low-interest mortgages to Montanans.
“I’m very proud of the work our team of dedicated professionals has done to improve the quality of the services we provide to Montana homeowners,” Montana Department of Commerce Director Pam Haxby-Cote said. “By creating strong customer relationships and outstanding quality control procedures we’ve lowered the risk to investors. This upgrade represents validation of the importance of that work and the difference it makes to homebuyers and the investment community.”
Moody’s upgraded Montana Board of Housing’s rating to A1, up from A2.
The upgrade makes the Board of Housing even more credible, making it easier to get investors to purchase bonds at a lower rate. Those lower rates are then passed on to Montana borrowers.