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Summary: Virginia Housing Developmnet Authority; General Obligation Nov 11 Product Image

Summary: Virginia Housing Developmnet Authority; General Obligation Nov 11

  • ID: 1953920
  • November 2011
  • Region: Virginia
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to Virginia Housing Development Authority's (VHDA) rental housing bonds series 2011D. At the same time, Standard & Poor's affirmed its ratings on the outstanding debt under the resolution. The outlook is stable. The ratings reflect the general obligation pledge of VHDA, for which Standard & Poor's maintains an issuer credit rating (ICR) of 'AA+'. The rating reflects our opinion of: The authority's high asset quality and very strong equity position; Consistency and strength of its financial earnings; Success in meeting its legislative mandate and maintaining a strong and positive relationship with the state government; Very strong management of the authority by a seasoned management team; and A very strong and...

Companies mentioned in this report are:
- Virginia Hsg Dev Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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