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Summary: California Health Facilities Finance Authority, True to Life Children's Services; Cal-Mortgage Loan Insurance Sep 11 Product Image

Summary: California Health Facilities Finance Authority, True to Life Children's Services; Cal-Mortgage Loan Insurance Sep 11

  • Published: September 2011
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'A-' long-term rating to the California Health Facilities Financing Authority's insured refunding revenue bonds, (series 2011), issued on behalf of True To Life Children's Services. At the same time, Standard & Poor's affirmed its 'A-' long-term rating on True To Life's outstanding bonds. 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...

Companies mentioned in this report are: True to Life Children's Services,California Hlth Facs Fin Auth
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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True to Life Children's Services,California Hlth Facs Fin Auth

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