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Summary: California Statewide Communities Development Authority Market Park Partners LP; Freddie Mac Direct Pay Nov 11 Product Image

Summary: California Statewide Communities Development Authority Market Park Partners LP; Freddie Mac Direct Pay Nov 11

  • Published: November 2011
  • Region: California
  • Standard & Poors

FEATURED COMPANIES

  • Market Park Partners, LP
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'AA+/A-1+' rating, with a negative outlook, to California Statewide Communities Development Authority's (Market Park Partners LP) affordable multifamily housing revenue bonds series 2009A-18, issued on behalf of Market Park Apartments, a multifamily rental housing development located in Inglewood, Calif. The rating is based on the delivery of a direct-pay credit enhancement agreement provided by Freddie Mac (AA+/A-1+). The rating also reflects the sovereign rating on the United States (AA+/Negative). Should the sovereign rating on the United States be upgraded to 'AAA' and the bond program meet all criteria commensurate with an 'AAA' rating, the rating on the bonds will be upgraded. The outlook is negative. The series 2009A-18 bonds are a subset of...

Companies mentioned in this report are:
- Market Park Partners, LP
- California Statewide Communities Dev Auth

Action: New Rating

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

- Market Park Partners, LP
- California Statewide Communities Dev Auth

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