- Language: English
- 96 Pages
- Published: March 2012
- Region: United Kingdom
Summary: California Health Facilities Finance Authority, Fellowship Homes; Cal-Mortgage Loan Insurance Sep 11
- Published: September 2011
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'A-' long-term rating to the California Health Facilities Finance Authority's series 2011 insured revenue bonds, issued on behalf of Fellowship Homes. At the same time, Standard & Poor's affirmed its 'A-' long-term rating on Fellowship Homes' outstanding debt. The outlook on all ratings is stable. The long-term rating is based on our assessment of insurance from the state of California's Health Facilities Construction Loan Insurance Program (Cal-Mortgage). Under the Cal-Mortgage program, the bonds are guaranteed by the program's health facilities construction loan insurance fund (HFCLIF), which is funded by upfront fees from new issuers, interest income on the fund, and the one-time insurance premium charged to borrowers. The ultimate backing for the program,...
Companies mentioned in this report are: Fellowship Homes,California Hlth Facs Fin Auth
Action: New Rating
Action: Outlook: Stable
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Fellowship Homes,California Hlth Facs Fin Auth