Summary: Massachusetts Housing Finance Agency; Single Family Whole Loan Sep 07
- ID: 1785638
- September 2007
- Region: Massachusetts
- Standard & Poors
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 132 and 133. At the same time, Standard & Poor's affirmed its various ratings on the agency's outstanding notes and bonds. The 'AA' rating reflects: The credit quality of the single-family loan portfolio sufficient for the 'AA' rating, Cash flows indicating a significant 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, Credit quality of investments under the resolution, and The agency's top-tier designation. The 'SP-1+' ratings on the notes reflects the investment of note proceeds in investments commensurate with the...
Companies mentioned in this report are:
- Massachusetts Hsg Fin Agy
Action: New Rating
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