• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Summary: Maine State Housing Authority; Multifamily Whole Loan; Other; Single Family Whole Loan Oct 11 Product Image

Summary: Maine State Housing Authority; Multifamily Whole Loan; Other; Single Family Whole Loan Oct 11

  • ID: 2027050
  • October 2011
  • Region: Maine
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AA+/A-2' rating on Maine State Housing Authority's (MSHA) mortgage purchase bonds series 2008E-1 and 2008E-2. The rating on the bonds remains on CreditWatch with developing implications, reflecting the recent rating actions on Dexia (see, "Dexia's Core Banks Downgraded To 'A-/A-2' On Funding Constraints; Put On Watch Developing On Possible Restructuring," published Oct. 6, 2011, on RatingsDirect on the Global Credit Portal). At the same time, Standard & Poor's affirmed its ratings on all bonds outstanding under the resolution, including its 'AA+/A-1' rating on the series 2008H bonds, reflecting the extension of the liquidity facility that is currently in effect and provided by KBC Bank N.V. (A/StableA-1), until Nov. 3, 2014. For additional information...

Companies mentioned in this report are:
- Maine St Hsg Auth

Action: Affirmed
Action: Outlook: Stable
Action: On CreditWatch:Developing

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

Note: Product cover images may vary from those shown

RELATED PRODUCTS