• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Massachusetts Development Finance Agency Massachusetts Housing Partnership Fund Board; Letter of Credit Sep 11 Product Image

Summary: Massachusetts Development Finance Agency Massachusetts Housing Partnership Fund Board; Letter of Credit Sep 11

  • ID: 1927718
  • September 2011
  • Region: Massachusetts
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AAA/A-1' rating on Massachusetts Development Finance Agency's (Massachusetts Housing Partnership Fund Board) revenue bonds (Wilber School Apartments Project) series 2008A, due to the bank facility being extended to March 6, 2027. The long-term component of the rating is based jointly (assuming medium correlation) on the ratings on the letter of credit providers, Bank of America N.A. and Federal Home Loan Bank of Atlanta. The short-term component of the rating is based solely on the rating on Bank of America N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009 USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April 22, 2009...

Companies mentioned in this report are:
- Massachusetts Hsg Partnership Fd Bd
- Massachusetts Development Finance Agency

Action: Affirmed

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress READ MORE >

- Massachusetts Hsg Partnership Fd Bd
- Massachusetts Development Finance Agency

Note: Product cover images may vary from those shown

RELATED PRODUCTS