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Summary: Utah Housing Corp.; General Obligation; Single Family Whole Loan May 11 Product Image

Summary: Utah Housing Corp.; General Obligation; Single Family Whole Loan May 11

  • Published: May 2011
  • Region: Utah
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AAA' long-term rating on Utah Housing Corp.'s (UHC) senior Class I bonds issued under its 2007 indenture. The outlook is stable. The 'AAA' rating reflects our view of: Extremely strong asset-to-liability parity ratios that exceed 111% 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...

Companies mentioned in this report are: Utah Hsg Corp.
Action: Affirmed
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating READ MORE >

Utah Hsg Corp.

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