Ratings On 88 Series Of Housing Bonds Withdrawn Aug 10
Standard & Poors, August 2010
Abstract
NEW YORK (Standard & Poor's) Aug. 30, 2010--Standard & Poor's Ratings Services withdrew its ratings on 88 series of housing bonds. This action follows Standard & Poor's placement of the issues on CreditWatch with negative implications due to revised methodology for certain Federal Government-Enhanced housing transactions, as described in "Revised Methodology For Certain Federal Government-Enhanced Housing Transactions," published May 12, 2010, on RatingsDirect on the Global Credit Portal. In order to assess the credit quality of affected issues under the new criteria, Standard & Poor's requested information on each issue placed on CreditWatch. While we have received some information on some of these issues, it was insufficient in our opinion to complete our analysis. The revised methodology affects bond issues...
Action: Withdrawn
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
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