Massachusetts Housing Finance Agency; Single Family Whole Loan May 11
Standard & Poors, May 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Massachusetts Housing Finance Agency's (MassHousing) single-family housing revenue bond program series 149B and 155. At the same time, Standard & Poor's affirmed its various ratings on the agency's outstanding notes and bonds. The outlook is stable. The 'AA' rating reflects our opinion of the following strengths: The credit quality of the single-family loan portfolio sufficient for the 'AA' rating; Economic stress scenario cash flows indicating strengthening of the indenture's equity position over time; Sufficiency of reserves to provide liquidity for delinquent mortgage loans; Fully funded loss coverage at the 'AA' level using economic stress scenario cash flows; Credit quality of investments under the resolution; and The agency's top-tier designation....
Companies mentioned in this report are:
- Massachusetts Hsg Fin Agy
Action: New Rating
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 of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- Massachusetts Hsg Fin Agy
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