• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: Illinois Housing Development Authority; Multifamily GNMA Nov 11 Product Image

Summary: Illinois Housing Development Authority; Multifamily GNMA Nov 11

  • Published: November 2011
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services reinstated its 'AA+' long-term rating on Illinois Housing Development Authority's (Ginnie Mae collateralized-Lifelink Development Project) multifamily housing revenue series 2006 bonds. The outlook is negative. The rating reflects our view of the following: Cash flows showing timely payment of principal and interest on the bonds until maturity, assuming no reinvestment earnings on the bond fund and an additional obligor deposit of preference proof moneys; The extremely high credit quality of the assets consisting of a Ginnie Mae mortgage-backed securities; An asset-to-liability ratio of roughly 101% as of Sept. 2011; and Investments held in JPMorgan Prime Money Market Fund (AAAm). Previously, the rating was withdrawn due to our publication of a revised methodology for certain federal...

Companies mentioned in this report are: Illinois Hsg Dev Auth
Action: Outlook: Negative
Action: Rating Reinstated

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 >

Illinois Hsg Dev Auth

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS