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

  • ID: 2027050
  • October 2011
  • Region: Maine
  • Standard & Poors
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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. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key READ MORE >

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- Maine St Hsg Auth

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