• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: California Hsg Fin Agy; Housing, Single Family Whole Loan; Public Finance Structured, Insured Liquidity May 01
Standard & Poors, May 2001
The long-term ratings on California Housing Finance Agency's (CHFA) home mortgage revenue bonds (HMRB), series 2001 H, I, J, and K bonds due after 2010, reflects bond insurance provided by FSA ('AAA'). The 'A-1+' short-term rating on series 2001J bonds reflects a standby bond purchase agreement (SBPA) for the purchase price of tenders provided Lloyds TSB Bank, PLC ('AA/A-1+'). The 'SP-1+' rating on the 2001 series I bonds reflects the sufficiency of the principal investment to pay scheduled debt service. The 'AA-' underlying ratings (SPURs) on long-term HMRB reflects: Continued strength and performance of the single-family mortgage loans backing the bonds; Coverage of potential credit and liquidity shortfalls sufficient to support the rating; High-quality investments; Resiliency of consolidated cash flow...
Companies mentioned in this report are: California 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
California Hsg Fin Agy