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Summary: Bexar Cnty Hsg Fin Corp, TX; Revenue - Housing, FNMA Collateral Agreement Jan 97 Product Image

Summary: Bexar Cnty Hsg Fin Corp, TX; Revenue - Housing, FNMA Collateral Agreement Jan 97

  • Published: January 1997
  • Standard & Poors

Abstract
The rating on Bexar County Housing Finance Corp., Texas' bonds is based on a collateral agreement provided by the FNMA, which is providing credit and liquidity. FNMA is a U.S. government sponsored agency whose payment ability is assessed `AAA' by Standard & Poor's. FNMA is not a full faith and credit agency. The `AAA' represents the likelihood that bondholders will receive payment of debt service. The `A-1+' represents the likelihood of payment for mandatory and optional tenders. The transaction will be issued in the weekly variable interest rate mode. During this period, bondholders have an option to tender their bonds with seven days' notice. During the weekly rate mode, bondholders will be paid interest only on their bonds. There is...

Companies mentioned in this report are: Bexar Cnty Hsg Fin Corp
Action: New Rating

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Bexar Cnty Hsg Fin Corp

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