- Language: English
- Published: December 2011
- Region: Florida
Summary: Bexar Cnty Hsg Fin Corp, TX; Revenue - Housing, FNMA Collateral Agreement Jan 97
- Published: January 1997
- Standard & Poors
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
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 factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Bexar Cnty Hsg Fin Corp