Alliant-Linked CMBS Bonds Downgraded

The long-term ratings on 12 commercial mortgage-backed security bonds linked to Alliant Energy Corp. have been lowered from A-minus to BBB-plus by Standard & Poor's.The short-term ratings on the adjustable-rate revenue refunding bonds, which are secured by mortgages on various multifamily developments in Wisconsin, were affirmed at A-2. The downgrades reflect the lowering of Alliant's long-term corporate credit rating from A-minus to BBB-plus, S&P said. The affected bonds were as follows: Kenosha Housing Authority (Windsong Village Project), Marinette Housing Authority (Dunlap Square Project), Antigo Housing Authority (The Depot Project), Berlin Community Development Authority (WPL Apartments Project and North River Block Project), Sheboygan Housing Authority (Balzer Wagon Works Project, Jung Shoe Project, and 8th Street Lofts Project), Dane County Housing Authority (Vandenberg Heights Project and Cottage Project), Brown County Housing Authority (Lawton Foundry Project), and Appleton Housing Authority (The Mills II Project).