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Cal-Mortgage Insurance Program's Debt Rating, SPUR Placed On Watch Neg Dec 08
Standard & Poors, Dec 2008
Abstract
SAN FRANCISCO (Standard & Poor's) Dec. 11, 2008-- Standard & Poor's Ratings Services placed the 'A+' rating and underlying rating (SPUR) on the Cal-Mortgage Insurance Program's outstanding debt, issued by California Health Facilities Financing Authority and the California Statewide Communities Development Authority, among others, on CreditWatch with negative implications. The ratings are on CreditWatch with negative implications because we placed the state of California's general obligation (GO) debt rating on CreditWatch with negative implications. 'The CreditWatch status on the Cal-Mortgage Insurance Program's debt is based solely on our rating of the state and does not reflect any underlying changes to the Cal-Mortgage program,' said Standard & Poor's credit analyst Geraldine Poon. The CreditWatch status reflects Standard & Poor's opinion of...
Companies mentioned in this report are: Asian Hlth Svcs
Action: On CreditWatch:Negative
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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