Summary: Massachusetts Housing Finance Agency; Single Family Whole Loan Oct 10
- ID: 1785954
- October 2010
- 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 149A, 150, 151, 152, 153, and 154. 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 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...
Companies mentioned in this report are:
- Massachusetts Hsg Fin Agy
Action: New Rating
Action: Outlook: Stable
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