Nearly $584 million of Mid-Atlantic Family Communities LLC military housing revenue bonds lost their triple-A rating from Moody’s Investors Service last week, reflecting the deteriorating credit quality of MBIA Insurance Corp. and its public finance subsidiary National Public Finance Guarantee Corp., which backs the debt.

Moody’s downgraded the Series 2005 Class I bonds to Aa3 from Aaa, and the Series 2005 Class III bonds to A3 from A2. The bonds were removed from Moody’s watch list. Standard & Poor’s rates the Class I bonds AA-plus.

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