Summary: New York St Dorm Auth; Housing, Multifamily FHA Insurance Nov 05
- ID: 1952477
- November 2005
- Region: New York
- Standard & Poors
The 'AAA' rating on New York State Dormitory Authority's FHA-insured mortgage nursing home revenue bonds (Eger Health Care Center of Staten Island) series 1998 has been affirmed. The bonds are secured by a mortgage loan, which is insured under section 232 of the National Housing Act. The rating continues to reflect: The credit quality of the FHA insured mortgage loan collateral; An asset-to-liability position of 102.14% as of Sept. 30, 2005; Investments held pursuant to a guaranteed investment contract with Bayerische Landesbank and a U.S. Treasury Bill; and Sufficiency of assets and revenues to pay debt service and expenses. The bonds are secured by a mortgage loan, which is insured by FHA under section 232 of the National Housing Act....
Companies mentioned in this report are:
- Dorm Auth of the St of New York
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