- Language: English
- Published: June 2012
- Region: Utah
Summary: Utah Housing Corp.; General Obligation; Single Family Whole Loan May 11
- ID: 1784506
- May 2011
- Region: Utah
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AAA' long-term rating on Utah Housing Corp.'s (UHC) senior Class I bonds issued under its 2000 indenture. The outlook is stable. The rating reflects our view of: Extremely strong asset-to-liability parity ratios that exceed 118% on the senior Class I bonds, The very high credit quality of the single-family mortgage loans backing the bonds, High-quality investments, and Fully funded reserves. The 'AA' rating on UHC's mezzanine Class II bonds reflects our view of: Very strong asset-to-liability parity ratios that exceed 105% on the mezzanine Class II bonds, The very high credit quality of the single-family mortgage loans backing the bonds, High-quality investments, and Fully funded reserves. The 'AA-' rated subordinate Class III fixed-rate...
Companies mentioned in this report are:
- Utah Hsg Corp.
Action: Outlook: Stable
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