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Bexar County Housing Finance Corp. TX's Bonds Rated 'AAA/A-1+' Feb 00
Standard & Poors, Feb 2000
Abstract
SAN FRANCISCO (Standard & Poor's CreditWire) Feb. 24, 2000--Standard & Poor's today assigned its triple-`A'/`A-1'-plus rating to Bexar County Housing Finance Corp., Texas' $9.01 million multifamily housing revenue bonds series 2000A-1, issued for the Mitchell Village Apartments project. The bonds are scheduled to sell Feb. 29, 2000. The rating reflects the extremely strong credit enhancement of the mortgage backing the bonds through a Fannie Mae credit enhancement facility and triple-'A' rated investments. The mortgage on the project will be secured by a Fannie Mae direct pay credit enhancement facility through which Fannie Mae will make all regularly scheduled payments of principal and interest due on the mortgage note. Under this structure, the trustee is instructed to draw on Fannie Mae...
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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