CHICAGO -- Standard & Poor's Corp. upgraded nearly $800 million of Wisconsin Housing and Economic Development Authority debt last week to AA from A-plus in what the agency said was the first housing debt upgrade under criteria released late last month.

The upgrade of the authority's outstanding home ownership revenue bonds issued from 1988 to 1991 came on the heels of the AA the agency awarded last month to $100 million of home ownership bonds the authority priced on June 16.

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