Moody's rates Urban Renaissance Agency series 22 bonds at Aa2.

(ADPnews) - Mar 23, 2011 - Moody's has set a Aa2 rating, with a "negative" outlook, to Urban Renaissance Agency's (URA) JPY 80 billion (USD 988.6m/EUR 695.8m) series 22 domestic bonds, which benefits from a cover provided by the Japanese government.

The securities mature in 2015.

Moody's stressed the economic significance of URA in urban redevelopment and public housing, its sound …