DALLAS — The YMCA of Greater Houston is in danger of losing its investment-grade rating from Moody’s Investors Service due to terms in a letter of credit from Bank of America, analysts said.

The YMCA has $196.4 million of outstanding variable-rate debt issued through the Harris County Cultural Education Facilities Finance Corp. The Series 2008 bonds, rated Baa3 by Moody’s, are supported by LOCs with three banks: Bank of America, JPMorgan Chase and Compass Bank.

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