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MOODY'S RATES ITS FIRST CANADIAN HOUSING ISSUE

 NEW YORK, Feb. 18 /PRNewswire/ -- Effective today, Moody's Investor Service announced today that it assigned a "Aaa" rating to the 1991 Series M debt sold by Societe d'Habitation du Quebec (SHQ). The debt was sold in the Canadian bond market.
 The agency said "the debt is secured by insurance by Canada Mortgage and Housing Corporation (CMHC). CMHC's issuance obligations are those of the Government of Canada. The debt is further secured by a general obligation from SHQ. SHQ is a large sophisticated issuer with a long successful history in housing development and management."
 It is anticipated that other offerings by SHQ will carry a Moody's rating.
 -0- 2/25/93
 /CONTACT: William Streeter, vice president & manager of Canadian Ratings, 212-553-0823, or Christopher Martin, assistant vice president & supervisor of Structural Ratings, 212-553-4836, both of Moody's/


CO: Societe d'Habitation du Quebec ST: Quebec IN: SU: RTG

TM-SM -- NY083 -- 0537 02/25/93 16:07 EST
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Publication:PR Newswire
Date:Feb 25, 1993
Words:153
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