- Language: English
- 96 Pages
- Published: March 2012
- Region: United Kingdom
Kentucky Housing Corp.'s Series 2009C Bonds Rated 'AAA'; Outlook Stable
- Published: December 2009
- Standard & Poors
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Research type: News
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NEW YORK (Standard & Poor's) Dec. 15, 2009--Standard & Poor's Ratings Services assigned its 'AAA' long-term rating to Kentucky Housing Corp.'s (KHC) $180 million series 2009C. At the same time, Standard & Poor's affirmed its ratings on KHC's parity debt. The rating, in our opinion, reflects the high quality of the collateral supporting the bonds, which consists primarily of FHA-insured or VA-guaranteed single-family mortgage loans and some FHA-insured multifamily loans; a very strong ratio of assets to liabilities of more than 108%; a cash flow that has sufficient excess assets to absorb potential losses associated with its loan portfolio; and the high-quality investments held under the resolution. "We expect continued high parity and strong performance by the mortgage portfolio," said...
Companies mentioned in this report are: Kentucky Hsg Corp
Action: New Rating
Action: Outlook: Stable
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Kentucky Hsg Corp
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